San Francisco and Lagos, Nigeria, November 6th / PRNewswire / -- Africa's leading payment technology company Flutterwave has been awarded the "Best Payment Infrastructure Provider in Africa" at the 2026 Euromoney Transaction Banking Awards. This recognition highlights Flutterwave's role in strengthening Africa's payment infrastructure, helping businesses conduct cross-border transactions, and enabling them to participate more effectively in the global economy.
Euromoney is an international financial publication with over 50 years of experience. Its Transaction Banking Awards are designed to recognize outstanding performance in the global transaction banking and payment industry. For Flutterwave, this recognition is of great significance as the company is celebrating its tenth anniversary, acknowledging the work it has done over the past decade in simplifying payments, connecting markets, driving ecosystem growth, and supporting the development of enterprises in Africa and other regions.
Since its establishment in 2016, Flutterwave has been committed to simplifying the flow of funds between Africa's diverse financial markets. By integrating local payment methods, banking networks, and international payment systems onto a single platform, the company helps businesses receive payments, reach new customers, and expand their cross-border operations. Over the past decade, Flutterwave has developed into a fintech platform that is trusted by approximately 4 million individual and corporate users, including small and medium-sized enterprises as well as global institutions. The company has processed over 1 billion transactions, totaling more than 50 billion US dollars, reflecting the scale of its business and the growing demand on the African continent for reliable and interoperable financial infrastructure.
Flutterwave Founder and CEO Olugbenga “GB” Agboola states: “To be recognized by Euromoney as the best payment infrastructure provider in Africa is a moment of great pride for all employees of Flutterwave, especially as we celebrate our tenth anniversary. When we founded Flutterwave in 2016, our goal was to make it easier for African businesses to transfer funds and participate in the global economy.”
He continued, "Ten years from now, we have established an infrastructure that supports millions of enterprises and connects the African market with the rest of the world. This award recognizes the dedication of our team, the trust of our customers, and the partnerships that have helped us grow. It also reaffirms the reason behind our journey: to make payments in Africa simpler, faster, and more accessible. There is still a lot of work to be done. Therefore, we will continue to go beyond payments themselves and build a more comprehensive financial infrastructure that integrates payments, banking, stablecoins, and other financial services to help businesses and individuals transfer, manage, and access funds more efficiently. We are still committed to building the infrastructure that will support Africa's next phase of economic growth."
Earlier this year, Flutterwave was also recognized by CNBC and Statista as one of the top 250 global fintech companies, and its founder and CEO, Olugbenga Agboola, was named one of the top 100 global fintech leaders by Fintech Magazine. These recognitions reflect the company's and its leadership's performance in the payment sector.
As Flutterwave enters its second decade, the company is expanding beyond its payment services to help businesses and individuals make more efficient use of their funds. The acquisition of open banking company Mono and the acquisition of a microfinance bank license in Nigeria are important steps in this evolution, enabling a closer integration of payment, banking, and financial data capabilities within its ecosystem.
Flutterwave continues to advance payment and settlement infrastructure driven by stablecoins and has received strategic investments from Ripple and Circle to strengthen its ambitions in digital asset infrastructure. These capabilities are aimed at supporting more efficient cross-border capital flows and settlements, and complementing the traditional payment networks that businesses rely on.
At the same time, Flutterwave is also expanding its multi-currency capabilities to help enterprises manage international payments and receipts, and serve customers in different markets. With a broader range of financial products, the company is moving towards a more interconnected platform that enables businesses to receive payments, use banking services, manage funds across currencies, and conduct cross-border transfers with greater flexibility.
Looking ahead to the next phase, the goal of Flutterwave is to continue developing on this foundation by integrating payment services, banking, multi-currency capabilities, and infrastructure driven by stablecoins, in order to help businesses grow in Africa and the global economy.
