Africa's leading payment technology company, Flutterwave has announced an operational expansion to Tanzania. The Nigerian Based Fintech unit made this public after it had received license approval for the Central Bank of Tanzania. An acceptance implies that Flutterwave opens offices in Dar Es Salaam, the nation's capital. Flutterwave can now drive digital payment, and financial inclusion in a country of over 59 million people by ensuring businesses and customers can make payments seamlessly.
There are several barriers in Africa's economic system, and Flutterwave, an indigenous company of the continent, understands what it takes to bring change to Africa's economic environment and drive financial inclusion. For Tanzania, issues like complex payment structures for Small, Medium-sized Enterprises (SME) in the country. The entrance of Flutterwave will help businesses overcome this challenge by providing Fintech solutions that would foster fast and simplified transactions. Flutterwave will be opening its platform that would be easy to use for consumers. Beyond its user-friendly nature, the company services will help users control their finances by providing necessary information easily accessible on their dashboards.
The entrance of Flutterwave into Tanzania gives the country a significant boost in its vision of growing a digital e-commerce, affordable and seamless payment services to businesses and individuals all across the country. Flutterwave is on a mission to thrive and cement its presence in Africa and continues to initiate expansion plans.
Tanzania in focus:
Population: 59.73 million in 2020 as compared to 58.01 million in 2019
GDP: $62.41 billion compared to $61.14 billion in 2019
GDP per capita: $1,076 in 2020 compared to $1,085 in 2019