Last week, Nigerian fintech Flutterwave announced that it had obtained a payment institution license issued by the Central Bank of West African States (BCEAO), allowing it to fully operate in Senegal.

Flutterwave is accelerating its expansion on a continent where the digital payments market is expected to reach 1.5 trillion dollars by 2030, according to a report by the American payment solutions provider Mastercard, published in 2025. According to the head of corporate marketing at Flutterwave , Rotimi Okungbaye, “thanks to this license, we can now offer our full range of smooth, reliable and secure payment solutions. aimed at Senegalese businesses, as well as those who want to develop in one of the most promising French-speaking economies. These businesses will be able to take advantage of our solutions to serve their customers, both locally and internationally, with the payment methods preferred by their customers.” The green light to operate in Senegal comes only a few weeks after the Banque des États de l' Afrique centrale (BEAC) approval of Flutterwave to launch its digital payment services in Cameroon, through a technical partnership with

As a reminder, in 2024 the company expanded to Rwanda, Uganda, Zambia and Mozambique, bringing its presence to around 35 countries. It also operates in other strategic markets on the continent, such as Nigeria, Kenya, South Africa and Egypt. Expanding on the continent therefore opens up opportunities for it to increase its revenues in a growing market, in a context of accelerated digital transformation marked by the rise of digital payments.