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Flutterwave Ignites Business Boom in Cameroon with Central Bank-Backed Payment Solutions

Gesinde Hadji by Gesinde Hadji
June 23, 2025
in Business Updates
A A
Flutterwave

Founder & CEO, Olugbenga ‘GB’ Agboola

Flutterwave, a leading force in African financial technology, is deepening its support for businesses in Cameroon through a full range of licensed digital payment solutions, backed by the Central Bank of Central African States (BEAC).

Recognized as one of the few fintech firms officially permitted to operate in Cameroon, Flutterwave empowers all types of businesses from small retailers and service providers to large corporations to seamlessly process payments, send payouts, and manage finances with secure, reliable tools.

Through a strategic technical partnership with Ecobank, Flutterwave secured its digital payment license, ensuring all its operations in Cameroon adhere to local financial regulations. This gives businesses confidence in using a trusted platform that is both legitimate and regionally compliant.

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Flutterwave offers a simple and cost-effective way for Cameroonian businesses to receive payments through mobile money, bank transfers, or cards without heavy investment in infrastructure. For instance, a fashion store in Yaoundé can easily create a payment link to share on WhatsApp or Instagram, a restaurant in Douala can send digital invoices with embedded payment options, and a logistics firm can handle staff and vendor payments; all within one unified dashboard.

Global businesses also benefit. E-commerce companies can receive payments in local currency, manage settlements, and issue refunds while remaining compliant. Streaming platforms can seamlessly collect subscription payments without juggling multiple integration systems. With powerful reporting, fraud prevention tools, and localized customer support, Flutterwave simplifies financial operations for international companies entering Central Africa.

Speaking on the milestone, Flutterwave’s Founder & CEO, Olugbenga ‘GB’ Agboola, remarked: “Cameroon is key to the future of Africa’s digital economy. By delivering secure and compliant payment solutions, we’re opening new pathways for businesses both local and global to scale and succeed. Our mission goes beyond payments; it’s about fostering trust, building long-term partnerships, and driving prosperity in Central Africa.”

Bode Aregbesola, Flutterwave’s Senior Vice President for Sales in West Africa, added: “We understand the challenges of running businesses on the continent. That’s why our platform is designed to serve everyone from local shops to multinational brands. With our digital payments license in Cameroon, we’re enabling secure, scalable growth for all.”

Currently active in 34 African countries, Flutterwave connects thousands of businesses to customers across borders. With clients like Uber and Netflix already relying on its infrastructure, the company’s expansion into Cameroon backed by local regulatory approval and continental experience will make it easier than ever for businesses to get paid, make payments, and grow confidently in the region.

Source: NairaMetrics

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