San Francisco and Lagos, Nigeria, November 6, 2026 / PRNewswire / -- Flutterwave is a leading payment technology company in Africa and was awarded "Best Payment Infrastructure Provider in Africa" in 2026. This award 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.
Organized by the internationally renowned financial publication Euromoney, the Transaction Banking Awards aims to recognize the outstanding performance of global transaction banks and the payment industry. Euromoney boasts over 50 years of industry experience. For Flutterwave, which is celebrating its tenth anniversary, this award is of great significance, marking the recognition of the company's efforts over the past decade in simplifying payments, connecting markets, driving ecosystem growth, and supporting business development in Africa and other regions.
Since its establishment in 2016, Flutterwave has been committed to simplifying the flow of funds between different financial markets in Africa. By connecting local payment methods, banking networks, and international payment systems on a single platform, the company helps businesses receive payments, reach new customers, and expand across borders. Over the past decade, Flutterwave has developed into a fintech platform that is trusted by approximately 4 million individual and corporate users, covering a range from small and medium-sized enterprises to global organizations. The company has processed over 1 billion transactions, with a total transaction 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 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 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 reaffirms why we embarked on this journey in the first place. There is still a lot of work to be done to make payments across Africa simpler, faster, and more accessible. Therefore, we are moving beyond payment services to build a broader financial infrastructure that integrates payments, banking services, stablecoin functionality, and other financial services, helping businesses and individuals to transfer, manage, and access funds more efficiently. We will continue to build the infrastructure needed to support the next phase of economic growth on the African continent."
Earlier this year, Flutterwave was recognized as one of the top 250 fintech companies globally by CNBC and Statista, and its founder and CEO, Olugbenga Agboola, was also named one of the top 100 leading fintech figures by Fintech Magazine. The company stated that these awards reflect the outstanding performance of the company and its leadership in payment processing.
Entering the second decade of development under Flutterwave, the company is moving beyond its payment services to help businesses and individuals make more efficient use of their funds. The acquisition of the open banking company Mono and the acquisition of a microfinance bank license in Nigeria are important steps in this transformation, enabling a closer integration of payment, banking, and financial data functions within its ecosystem.
Flutterwave is still advancing the construction of payment and settlement infrastructure based on stablecoins, while the strategic investments in Ripple and Circle provide support for the company's ambitions in the field of digital asset infrastructure. These functions are designed to support more efficient cross-border fund transfers and settlements, and to complement the traditional payment networks that enterprises rely on.
At the same time, Flutterwave is expanding its multi-currency capabilities to help businesses process international payments and serve customers in different markets. With a wider range of financial products, the company is creating a more closely connected platform that enables businesses to accept payments, use banking services, manage funds in various currencies, and transfer funds across borders more flexibly.
Looking ahead to the next phase, Flutterwave indicates that efforts will continue on this basis to integrate payment services, banking operations, multi-currency functionality, and infrastructure based on stablecoins, in order to support business growth in Africa and the global economy.
