Cross-border Payment, Infrastructure Necessary Tools for Africa’s Economic Growth, Says Flutterwave CEO

The Founder of Flutterwave, Olugbenga Agboola has stressed on the need for a seamless financial interaction and infrastructure among African countries, describing such as cardinal in the continent’s next phase of economic growth.

Agboola’s remark was featured in a spotlight interview during Money20/20 Europe conference, recently convened for global payment stakeholders.

He explained that his initiative, Flutterwave, a financial technology company, has continued to make payment infrastructure among African and global businesses, possible and efficient.

He noted that Africa’s growth and potential increasingly positions the continent as the world’s next economic frontier.

Agboola stated, “Almost every African country has advanced local payment systems today, but they don’t talk to each other. We help global companies scale in Africa, and we help Africans transact anywhere on the continent and beyond.”

An earlier forecast by the African Development Bank, in its 2025 Macroeconomic Performance and Outlook report, had stated that 12 out of the world’s 20 fastest-growing economies are projected to be from Africa.

Addressing the rising demand for reliable, interoperable, and scalable payment solutions, he assured of the outfit’s readiness to meet the general public needs, while growing deeper and wider in impacts.
According to Agboola, Flutterwave as a company has expanded rapidly and doubled on profitability through a focus on the growth of businesses and diaspora remittance solutions, which helps to send money widely.

He added, “We are building a systemically important platform for the continent. Our goal is to make payments easy, scalable, and accessible for every African.”