San Francisco and Lagos, Nigeria, November 6th / PRNewswire / -- Africa's leading payment technology company Flutterwave announced that it was named "Africa's Best Payment Infrastructure Provider" in Euromoney Transaction Banking Awards 2026. This recognition highlights the role of Flutterwave in strengthening Africa's payment infrastructure, helping businesses conduct cross-border transactions, and enabling them to participate more effectively in the global economy.
This award is presented by Euromoney, an international financial publication with over 50 years of experience, and is intended to recognize outstanding performance in the global transaction banking and payment industries. Flutterwave has received this recognition on the occasion of its tenth anniversary. The company stated that this marks an important achievement in its decade-long efforts to simplify payments, connect markets, drive ecosystem growth, and support the growth of businesses in Africa and other regions.
Since its establishment in 2016, Flutterwave has been committed to simplifying the process of transferring 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 grown into a fintech platform trusted by approximately 4 million individuals and businesses, ranging from small and medium-sized enterprises to global organizations. The company has processed over 1 billion transactions, with a total amount exceeding 50 billion US dollars, reflecting the scale of its business as well as the growing demand for reliable and interoperable financial infrastructure across the African continent.
Flutterwave Founder and CEO Olugbenga “GB” Agboola represents: “Being 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 once again demonstrates why we embarked on this journey. There is still a lot of work to be done to make payments in Africa simpler, faster, and more accessible. 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 fintech companies in the world, and its founder and CEO, Olugbenga Agboola, was listed by Fintech Magazine as one of the top 100 fintech leaders globally. These recognitions reflect the company and its management's performance in the payment sector.
As Flutterwave enters its second decade, the company is expanding beyond its payment services to broader areas, helping businesses and individuals make more efficient use of their funds. The acquisition of open banking company Mono and obtaining 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 strategic investments from Ripple and Circle have also strengthened 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 expanding its multi-currency capabilities to help enterprises manage international receipts and payments, and to serve customers across markets. With a broader range of financial products, the company is striving to create a more interconnected platform that enables enterprises to receive payments, utilize banking services, manage funds across currencies, and conduct cross-border transfers with greater flexibility.
Looking ahead to the next phase, Flutterwave's goal is to build upon this foundation by integrating payment services, banking capabilities, multi-currency support, and infrastructure driven by stablecoins, in order to help enterprises grow in Africa and the global economy.
