Flutterwave, a fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent, has launched its digital payment services in Cameroon.

The fintech’s expansion to the Central African country is coming after it obtained a payment service provider license from the Central Bank of Central African States (BEAC). Partnering with Ecobank, this milestone advances Flutterwave’s goal of unifying Africa’s fragmented payment systems and expanding its presence across the continent.

The launch strengthens Flutterwave’s foothold in Francophone Africa, positioning it as a key driver of Cameroon’s digital transformation. Businesses, from local merchants to global enterprises, can now leverage a compliant digital payment platform supporting mobile money, cards, and bank transfers, tailored to Cameroon’s growing digital economy.

Small businesses can create shareable payment links for platforms like WhatsApp and Instagram, while larger firms benefit from advanced fraud detection, localized support, and seamless cross-border transactions.

Speaking on the expansion to Cameroon Flutterwave CEO Olugbenga Agboola said,

“Cameroon holds a central place in the future of Africa’s digital economy, and we’re proud to play a part in unlocking its potential. By offering secure, compliant, and accessible payment solutions, we’re creating opportunities for businesses of all sizes, from local merchants to global brands; to grow and thrive. Our presence here is not just about technology; it’s about long-term partnership, trust, and enabling prosperity across Central Africa.”

Also commenting, Bode Aregbesola, Senior Vice President for Sales, West Africa, added, “We know what it takes to run a business in Africa, and we’ve built our solutions to support that reality. Flutterwave is helping everyone — from local businesses to international brands — accept payments, streamline operations, and expand with confidence. With our digital payments license, we’re able to do all of that securely and at scale in Cameroon.”

In Cameroon, a key driver of financial inclusion is mobile money. Accounts reached 48 million in Central Africa by 2019, with transactions exceeding $30.4 billion. Operators like MTN and Orange dominate, offering services like bill payments, airtime purchases, and transfers via platforms like Monetbil, Zitopay, and Tranzak. Mobile money grew 19% from 2019 to 2020, with 24 trillion XAF ($40 billion) in transactions in 2024.

Platforms like Paytm, Razorpay, and NOWPayments, support online transactions, including credit/debit cards, e-wallets, and mobile money. These cater to e-commerce growth, with integrations for Visa, MasterCard, and local methods.

Cameroon’s payment system is evolving rapidly, driven by mobile money and digital gateways, but it faces hurdles like outdated infrastructure, delays, and limited rural access. Flutterwave’s entry is set to enhance financial inclusion by simplifying transactions for businesses and consumers. Small merchants can adopt digital payments without costly infrastructure, while global companies can process local currency payments, manage settlements, and issue refunds efficiently. Robust reporting and fraud management tools build trust in digital transactions, addressing cybersecurity concerns.

With its launch in Cameroon, Flutterwave is now operational in over 30 African countries, including Nigeria, Ghana, Kenya, South Africa, Egypt, Uganda, Tanzania, Rwanda, Ivory Coast, Senegal, and more. This wide geographical presence gives the fintech company one of the most extensive networks for digital payments in Africa.

One of Flutterwave’s most significant contributions is its support for small and medium-sized enterprises (SMEs). Through the Flutterwave Store, launched during the COVID-19 pandemic, the platform provided a free online marketplace for SMEs to set up digital storefronts and sell their products. Today, the store has empowered over 30,000 merchants, helping them reach wider markets and accept various payment options without the need for complex infrastructure.

Flutterwave’s payment technology supports multiple methods including cards, bank transfers, mobile money, and QR payments, ensuring that even unbanked populations can participate in the digital economy.

By unifying fragmented payment systems, Flutterwave accelerates Africa’s digital economy. Its presence in countries like Nigeria, Ghana, Kenya, and now Cameroon aligns with rising internet penetration and mobile connectivity.