SAN FRANCISCO and Lagos, Nigeria, November 6th / PRNewswire / -- Flutterwave indicates that this leading African payment technology company was awarded "Best Payment Infrastructure Provider in Africa" in 2026 by Euromoney Transaction Banking Awards. The company stated that 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.
Euromoney is an internationally renowned financial publication with over 50 years of experience. Its Transaction Banking Awards aims to recognize outstanding performance in the global transaction banking and payment services sector. Flutterwave indicates that this achievement was made on the occasion of the company's tenth anniversary, marking the recognition of its efforts over the past decade in simplifying payments, connecting markets, promoting ecosystem expansion, and supporting the growth of businesses in Africa and other regions.
Since its establishment in 2016, Flutterwave has been committed to simplifying fund transfers in Africa's diverse financial markets. By connecting local payment methods, banking networks, and international payment systems on a single platform, the company enables businesses to receive payments, attract new customers, and expand into cross-border markets. Over the past decade, Flutterwave has grown into a fintech platform trusted by approximately 4 million individuals and businesses, with a customer base ranging from small and medium-sized enterprises to global corporations. Flutterwave indicates that the company has processed over 1 billion transactions, with a total value of more than 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 said: " Euromoney has recognized us as the best payment infrastructure provider in Africa, which fills all the employees of Flutterwave with pride, especially on the occasion of the company's tenth anniversary. When we founded Flutterwave in 2016, our goal was to make fund transfers easier and to help African businesses participate in the global economy."
He added, "Ten years later, we have established an infrastructure that supports millions of businesses 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 driven our growth. It also illustrates why we embarked on this journey in the first place. 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 services, stablecoins, and other financial services, enabling businesses and individuals to access, transfer, and manage funds more efficiently. We are still committed to building the infrastructure that will support the next phase of economic growth on the African continent."
Earlier this year, Flutterwave was also recognized as one of the top 250 fintech companies in the world by CNBC and Statista, and its founder and CEO, Olugbenga Agboola, was named one of the top 100 fintech executives globally by FinTech Magazine. The company stated that these awards reflect the excellence of its payment services as well as the capabilities of its management team.
As Flutterwave enters its second decade, the company is expanding its business beyond payments to help businesses and individuals manage their funds more effectively. The acquisition of open banking company Mono and obtaining a microfinance bank license in Nigeria are important steps in this transformation, as they integrate payment, banking, and financial data capabilities into the Flutterwave ecosystem.
With the strategic investment support of Ripple and Circle, Flutterwave is also developing digital asset infrastructure and building stablecoin payment and settlement infrastructure. The company states that these functions are expected to accelerate remittances and cross-border settlements, as well as complement the traditional payment networks relied upon by businesses.
At the same time, Flutterwave is expanding its multi-currency capabilities to assist enterprises in managing receipts and international payments, thereby better serving customers in different markets. With its continuously expanding range of financial products, the company is striving to create a more interconnected platform that enables businesses to receive payments, access banking services, manage multi-currency funds, and conduct international transfers in a more flexible manner.
Based on these advancements, Flutterwave indicates that as we move on to the next stage, the company hopes to integrate payment services, banking services, multi-currency capabilities, and support for stablecoins in order to promote business development in Africa and the global economy.
