Flutterwave has obtained a banking licence in Nigeria, marking a major expansion of its financial services operations.
The company said the licence allows it to move beyond its previous role as a Virtual Asset Service Provider into core banking, enabling it to manage transactions end-to-end and control its financial infrastructure.
According to Flutterwave, the move will improve settlement speed, enhance reliability, and allow it to offer integrated services, including accounts, payments, payouts, and capital solutions within a single system.
The development comes amid tighter regulatory oversight of fintechs in Nigeria, as the Central Bank of Nigeria ramps up supervision of virtual asset operators through compliance-focused pilot programmes.
