Flutterwave: Difference between revisions

Revision as of 16:15, 27 August 2024

Revision as of 16:16, 27 August 2024

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==Switching license==

On September 1, 2022, [[Bloomberg News|Bloomberg]] reported that the [[Central Bank of Nigeria]] had granted Flutterwave the country's highest payment processing license, which allows it to process transactions between banks and cards without intermediaries. The switching processing license grants Flutterwave autonomy across the payments ecosystem value chain.<ref>{{Cite web |date=2022-09-01 |title=Flutterwave Obtains Key License in Nigeria Ahead of Planned IPO |url=https://www.bloomberg.com/news/articles/2022-09-01/flutterwave-obtains-key-license-in-nigeria-ahead-of-planned-ipo |access-date=2022-09-01 |website=Bloomberg |language=en}}</ref> This includes processing funds transfers between banks and fintechs, as well as participating in agency banking and other payment services.<ref>{{Cite web |title=CBN Grants Flutterwave Switching and Processing Licence – THISDAYLIVE |url=https://www.thisdaylive.com/index.php/2022/09/05/cbn-grants-flutterwave-switching-and-processing-licence/ |access-date=2022-10-09 |website=www.thisdaylive.com}}</ref><ref>{{Cite web |last=Quadri |first=Sultan |date=2022-09-01 |title=Flutterwave secures payment license and plans IPO amidst regulatory hurdles |url=https://techcabal.com/2022/09/01/flutterwave-receives-new-payment-license-and-plans-ipo-amidst-regulatory-challenges/ |access-date=2022-10-09 |website=TechCabal |language=en-US}}</ref><ref>{{Cite web |last=staff |firstauthor=CNBC.com comstaff |title=21. Flutterwave |url=https://www.cnbc.com/2021/05/25/flutterwave-disruptor-50.html |access-date=2022-12-09 |website=CNBC |language=en}}</ref>

== Controversy ==