Vodacom's XLink targets Africa's remittances market

This development, according to the business, reinforces Flutterwave's aim to simplify payments across Africa.

The business says its success in 2024 allows it to pay $139 million (UGX506 billion) in dividends to shareholders.

The telco says M-PESA is now available in over 170 countries and serves over 70 million customers.

The aim of the project is to increase financial inclusion, streamline healthcare payments, and improve service delivery across the country.

The company says it committed to expanding partnerships with financial institutions, agents, and merchants essential for the growth of its Mobile Money ecosystem.

The fintech received Payment Aggregation and Payment Remittances Service Licences (Category II and III) from the National Bank of Rwanda.

Flutterwave says is open to providing a gateway for international companies who are looking to expand and tap into the Zambian market.

The fintech is at the leading edge of payment innovation, having implemented a cloud-based, open-loop payment system for EV charging stations.

The mobile money platform provides more than $55 million in loans each day, with a nonperforming loan level of less than 2%.

According to the company, her knowledge of technology and fintech makes her a valuable strategic asset in increasing its visibility.

The telco says the achievement is a direct result of the hard work and dedication of the team, and underscores the impact of its collective efforts.