Flutterwave Founder and CEO Olugbenga “GB” Agboola unveiled his vision to transform Africa’s digital economy by building a seamless “payment superhighway” hat to connect African economies and facilitates cross-border money movement.
Speaking at CNN’s inaugural Global Perspectives Summit on November 8, in a session focused on “Fueling the Next-Generation Startup Ecosystem”, Agboola emphasized the critical role of regulatory collaboration and interoperable infrastructure in driving the fintech growth in Africa.
Agboola outlined recent progress in regulatory cooperation, referencing the Ghana-Rwanda fintech memorandum of understanding as a notable example of efforts to harmonize cross-border financial technology operations. He praised African regulators for their understanding of market dynamics and commitment to enabling growth through supportive infrastructures.
Joining Agboola on the panel were Lucy Liu, Co-founder and President of Airwallex; Alex Okosi, Managing Director of Google Africa; and Serigne Dioum, CEO of MTN Group Fintech, with veteran CNN anchor Richard Quest moderating. The panelists echoed optimism about Africa’s evolving regulatory landscape and its potential to foster financial inclusion and economic growth.
Okosi stressed the growing recognition of regulators and the need for open markets, while Liu emphasized ecosystem integrity and consumer protection as key priorities. Dioum emphasized the shared vision between regulators and operators to enhance financial access continent-wide. Agboola pointed to Africa’s pioneering role in alternative payment systems, citing innovations like Kenya’s M-Pesa and Nigeria’s Inter-Bank Settlement System (NIBSS), paired with mobile money adoption.
To realize this vision, Flutterwave has partnered with Polygon to develop Africa’s largest infrastructure for stablecoin payments, aiming to expand digital currency acceptance and cross-border transactions.The CNN summit, themed “Africa’s Role in a Changing World”, gathered public leaders, entrepreneurs, and innovators to explore how Africa’s youthful, vibrant economies can drive sustained inclusive global growth.
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