Flutterwave: Secures Two Additional Licenses in Rwanda

Flutterwave new Electronic Money Issuer license allows the company to acquire all types of payment instruments in Rwanda
Announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda
With these new licenses, in addition to being a Payment Service Provider, it can offer money deposit and withdrawal
According to Rwanda’s National Institute of Statistics, Micro, MSMEs in Rwanda account for about 97% of businesses
That makes MSMEs critical to job creation and the economic growth of the country
It will be deploying a range of products in Rwanda, including its cross-border money transfer solution

March 17, 2023