African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country. The bank conducted due diligence and Flutterwave satisfied all the requirements to receive a license to operate in the country.
Flutterwave’s products and services will look to support Tanzanian SMEs overcome the challenges presented by the highly fragmented and complex payment and banking infrastructure. Flutterwave is a great believer in close collaboration with industry players and has established partnerships within the banking and mobile money sector in Tanzania to ensure seamless and fast payments to customers.
During the World Travel Awards, Tanzania’s incredibly rich tourism made up of wildlife and the beach earned the title of ‘Africa’s Leading Tourism Destination in 2021’. As the sector recovers from the effects of COVID-19, Flutterwave will be at the forefront in supporting these businesses to grow even further.
With this launch, small businesses and sole entrepreneurs in Tanzania will be able to capitalize on Flutterwave Store to drive their businesses online, with possibilities of fast, secure, and simple payments.
Tanzanian businesses who sign up as Flutterwave merchants will also get a chance to have their stories told to the world through Flutterwave’s YouTube ‘Business Stories’ series and ‘Grow My Business’ webinar series where businesses from around the continent are featured to talk about company growth, marketing, hiring, sales among other topics of interest.
