Nigerian payment unicorn, Flutterwave, has secured a Switching and Processing Licence from the Central Bank of Nigeria.
This high-profile licence will allow it to facilitate transactions between financial service providers, merchants, customers and other stakeholders without intermediaries.
The licence will also allow it to offer new services such as transaction switching, card processing, non-bank acquiring, agency banking and payment gateway services.
Flutterwave says this license will allow it to process transactions faster, launch new and improved existing products, and improve the payment experience.