Flutterwave Founder and CEO Olugbenga “GB” Agboola has outlined the company’s bold shift toward supporting stablecoin payments for both individuals and enterprises, positioning the technology as a key pillar of Africa’s financial future.
Speaking at Money 20/20 Middle East and Fluidity 2025 in Riyadh, Agboola said Flutterwave is not only betting on stablecoins but actively building partnerships to make them “the backbone of financial transformation across Africa and beyond.”
During his presentation titled “Youth, Mobile & Money: Africa’s Billion-Dollar Fintech Opportunity,” Agboola tied this strategy to the continent’s demographics, emphasizing that Africa’s young population is central to shaping global financial trends. “Africa’s youth are early adopters, digital natives, and entrepreneurial by nature,” he said.
Expanding on this theme across multiple sessions, including a panel on public-private partnerships with Kashifu Inuwa Abdullahi, Director General of Nigeria’s National Information Technology Development Agency, and another on accelerating GCC–Africa trade flows, Agboola maintained that Africa’s economic trajectory depends on harnessing its youth dividend.
He cited data showing that African youth led over $1 trillion in mobile money transactions in 2024, linking that growth to the current surge in stablecoin adoption. “Nigeria’s youth are at the forefront of this trend, with South Africa, Ethiopia, and Kenya following closely behind. This positions stablecoin adoption as the logical next step in the evolution of payments in Africa. In response, Africa’s leading payment technology company, Flutterwave, is building ‘Africa’s largest infrastructure for tomorrow’s money,’” he said.
In Riyadh, Flutterwave also previewed new integrations for its Dashboard to simplify cross-border business payments and enhancements to the Send App, designed to make remittances faster and more accessible. The company continues to deepen partnerships, including its inaugural design membership in Circle Payments Network for USDC and a collaboration with Global Remit for stablecoin conversion.
For Flutterwave, this marks the next phase of fintech in Africa, enabling seamless stablecoin transactions to reduce payment friction, strengthen cross-border trade, and support secure remittances for a rapidly evolving digital generation.
