Digital Payments Have Become the New Lifeblood of Africa's Growth
Flutterwave CEO and founder, Olugbenga ‘GB’ Agboola declared that the continent’s “unstoppable momentum” of success is surging through a surprising channel: digital payments.
In a recently published op-ed on Guardian Nigeria celebrating Africa Day, he painted a picture of his vision where digital payments aren’t seen as mere transactions, but as the very fuel empowering Africa’s hopes and dreams.
Going beyond just dreaming, Agboola gave the blueprint to make his vision for Africa a reality. Calling for collaboration across sectors, he urged governments, investors and everyday Africans to “come together” and build a unified financial system, drawing inspiration from initiatives like the African Continental Free Trade Area (AfCFTA).
He stressed that Africans need to create solutions with Africa in mind, with entrepreneurs focusing on solving real African problems and investors backing these homegrown innovations with “patient capital”.
As Africa Day is celebrated diversely across the continent, Agboola’s message resonates: digital payments are powering Africa with every tap, swipe, and transfer.
With the digital payments economy set to hit $1.5 trillion by 2030, Flutterwave’s CEO made it clear that fintechs are set to drive this growth despite challenges like infrastructure gaps and regulatory peculiarities.
Flutterwave was recently listed on FXC Intelligence’s Top 100 cross-border payment companies, alongside global juggernauts like Paypal and Shopify.
This recognition further solidifies its place as Africa’s leading payments technology company, dedicated to providing reliable payment infrastructure and enabling businesses to operate and scale both in Africa and across the globe.