Flutterwave CEO Olugbenga “GB” Agboola has staked the company’s next phase of growth on stablecoins, describing them as the future of Africa’s payments infrastructure and the natural evolution of the continent’s booming digital finance ecosystem.
At two major fintech gatherings in Riyadh — Money 20/20 Middle East and the Fluidity 2025 summit , Agboola unveiled Flutterwave’s strategy to embed stablecoin payments into its services for businesses and consumers. He said the move positions stablecoins as “the backbone of Africa’s ongoing financial transformation.”
“Africa’s youth are early adopters, digital natives, and entrepreneurial by nature,” Agboola said during his presentation titled Youth, Mobile & Money: Africa’s Billion-Dollar Fintech Opportunity. He linked the continent’s $1 trillion mobile money transaction boom in 2024 directly to the current surge in stablecoin adoption, noting that Nigeria, South Africa, Ethiopia, and Kenya are leading the trend.
“For Flutterwave, the next phase of fintech in Africa is enabling businesses and consumers to transact stablecoins seamlessly,” he added. “This will reduce friction for entrepreneurs, power cross-border payments, and secure remittances for a new generation.”
Agboola described Flutterwave’s ongoing investments as the foundation of “Africa’s largest infrastructure for tomorrow’s money,” previewing new integrations to the Flutterwave Dashboard for cross-border business payments and enhancements to the Send App to simplify remittances.
He also underscored Flutterwave’s global positioning, pointing to its inaugural design membership of Circle Payments Network for USDC and its partnership with Global Remit for stablecoin conversion.
At a panel session on public-private partnerships with NITDA Director-General Kashifu Inuwa Abdullahi, Agboola argued that Africa’s youthful population must be supported with enabling regulation, infrastructure, and international collaboration to unlock their potential. “The continent’s economic growth is directly tied to the success of its young population,” he said.
He reinforced this message at a G20 roundtable on cross-border payments, moderated by Nicole Valentine, FinTech Director at the Milken Institute, where he called for policies that expand equitable access to financial technologies across Africa.
According to Agboola, Flutterwave’s strategy is not simply about betting on stablecoins but about building a durable ecosystem where Africa’s entrepreneurs, communities, and businesses can thrive in a digitised economy.
