This report is about your business, your ambitions, and how you tackled 2025 with focus, resilience and creativity 🦋
Each year, merchants on Flutterwave go the extraordinary full stretch in pursuit of their goals, using our infrastructure to translate local potential into global ambition. In 2025, we saw a fundamental shift in how they moved payments: the most resilient enterprises optimized for payment experience, leveraging our advanced suite of alternative methods as their core competitive advantage
Together, we stretched the capabilities of our platform, transforming it into a conduit of value that not only supports scale, but defines what comes next beyond payments.
Download the ReportThis report is about your business, your ambitions, and how you tackled 2025 with focus, resilience and creativity.
Our people are deeply conscious that every single action they take contributes to outsized, real-world impact that extends far beyond payments. They consistently move past the ceiling of above and beyond in their relentless pursuit of our most ambitious goals to build systems, partnerships, and processes designed for durability at scale
Hear from wavers
The foundation is set, and the team is aligned. 2026 will be about delivering on our big goals because Africa doesn't need shortcuts; it needs durable, strong infrastructure. And we're here to build the one for payments.
Read GB's letterOur story of expanding the once-narrow pathway of payments is sometimes captured in transactional volume milestones. Yet these figures only scrape the surface of the progress we’ve made.
The unique transactions processed on our rails over the past decade tell parts of our ever-unfolding story — one shaped by scale, trust, and continuous evolution
→ Unique Transactions Processed
→ Total Payment Value (TPV) across Collections and Payouts.
→ Next decade
Our platform was optimized to process larger volumes than any year before. In the first quarter alone, enterprise processed value increased by 22% year-on-year, setting the pace for the scale that followed.
Full-year payment value maintained this trajectory, closing 2025 with over 18% year-on-year growth
In 2025, we secured key licenses in Senegal, Zambia, and Cameroon, extending our lead as the most licensed non-bank entity in Africa - with the 'non-bank' likely changing soon.
Through our strategic partnership with Nuvion, we unlocked full regulatory coverage across the United States, United Kingdom, EU, United Arab Emirates, Hong Kong, Canada, and Bahrain.
With this depth of coverage, payments initiated in Africa can now settle seamlessly across these markets. This connectivity enabled Air Peace to launch new routes into the United Kingdom using Flutterwave, and facilitated Send App's return to all U.S. states. Now, imagine the possibilities for the average African business and people across the continent.
In 2025, our platform enabled governments to digitize payment collections, provided businesses with secure identity verification for millions of users, supported a leading ride-hailing and logistics platform in Egypt to process payments through Fawry, and made growth the common thread connecting multiple sectors across Africa
In 2025, we partnered with The Delborough Hotel, one of Africa’s premier hospitality brands, to power payments across its businesses and in 2026, we hosted our inaugural gala night in partnership with The Delborough with Nigeria’s dignitaries in attendance.
Relive our gala nightBamboo uses Flutterwave to empower over half a million users to invest in the world’s biggest companies. Together, we’ve created a plug-and-play payment experience designed for their expansions to Ghana, South Africa without rebuilding their payment infrastructure from scratch, and allowing users to invest through local payment options like pay with bank transfer
View Bamboo ScaleSelar has processed over 1.4 million transactions on Flutterwave, scaling from Naira-only payments to expanding to 12+ countries, including Ghana, Kenya, Zambia (with live mobile money collections and payouts in the country), the United Kingdom, and the United States — while recording 110%+ cumulative transaction growth in just 4 years
Read Selar's StoryPowered by Flutterwave's Fintech-as-a-Service, Risevest now serves thousand of customers across Africa and the United States, supporting a wide range of local and international payment methods. The platform maintains a 98% success rate on bank transfers and has recorded 100% year-on-year transaction growth, supporting sustained momentum for the launch of Rise 3.0
Follow Risevest's GrowthPowered by Flutterwave's tokenised payment infrastructure, CDcare automated recurring direct debit collections across tens of thousands of customer accounts. To date, the platform has processed over ₦20 billion in transactions, helping thousands of users across Nigeria make planned, stress-free payments while allowing CDcare to scale reliably and reduce payment drop-offs
See CD Care's JourneyWorkpay is streamlining cross-border payroll and HR payments across Africa, enabling faster collections, payouts, and treasury management in multiple currencies. Powered by Flutterwave, Workpay has scaled from its first transaction to record 200%+ average annual growth, while processing cross-border payments up to 10× faster than industry averages and expanding from East Africa into key markets including Nigeria, Tanzania, and South Africa.
Learn about WorkpayPaidHR uses Flutterwave to power payroll and HR payments for businesses across Africa. Together, we're enabling salary disbursements and collections without operational friction, enabling companies to run payroll smoothly while employees get paid on time, every time.
See PaidHR's StoryAcross Africa, payment preferences are localised, and our infrastructure is designed to reflect this rich reality.
Below are the primary ways enterprise customers collected payments across the continent, ranked by total payment value (TPV)
Ranked by total payment value (TPV)
Ranked by total payment value (TPV)
Ranked by total payment value (TPV)
The standout performance in 2025 came from Alternative Payment Methods (APMs). By investing heavily in offering frictionless access to localized options across Africa, we enabled businesses to prioritize speed, reach, and customer experience - while optimising for reliability at scale.
Here is how alternative payment methods transactions increased across all markets, compared to the previous year:
In Ghana, alternative payment methods boomed. Momo grew by 7x compared to the previous year, and Pay with Bank Transfer (PWBT) surpassed this milestone driven by global corporations operating in the market.
Enterprises required a solution for large-scale transactions that other payment methods could not support; with PWBT, smoother operations were unlocked for global enterprises, particularly for Asian payment service providers relying on virtual accounts to manage high-volume trade. See how this method fared in Ghana in 2025.
Average monthly growth in processed volume.
Average monthly growth in transaction count, confirming a shift toward larger value transactions using this method.
In 2025, global enterprises used our payment suite to connect with customers on their own terms. By integrating our rails to offer local payment methods, enterprises successfully collected payments in more volumes and across new verticals.
Below are the preferred collection methods used by enterprises, organized by their home region or where they are headquartered in
* Middle-Eastern countries included under Asia
In 2025, our infrastructure became the entry point for one of Africa’s most vital commercial corridors.
By enabling frictionless cross-border settlement, Asian enterprises used Flutterwave to do business across Africa at scale, with Asian Payment Service Providers (PSPs) driving over 90% of the transaction volume for this corridor.
There’s a perfect symphony of technical and regulatory depth needed to route global complex commerce at scale for world’s largest enterprises. Global Enterprises entered new markets on our infrastructure that intuitively shapeshifts around their unique roadmap
SUNRATE is simplifying B2B cross-border payments between Africa and Asia by providing local virtual accounts for seamless currency collections, allowing businesses to pay in their local currencies while ensuring fast, secure treasury management.
See Sunrate's StoryYooMee Money is streamlining its "super-app" by integrating our unified API for seamless payments across Africa, allowing YooMee Money to focus on expanding its all-in-one financial services platform
Read YooMee's StoryPayful is leveraging our Virtual Account solution to simplify high-value international trade.
See Payful's StoryFuturePay is our single API to unify diverse local payment methods and regulatory requirements across Africa.
Visit the FutureIn 2025, we focused on building the most reliable, and flexible infrastructure for Africa’s fastest-growing sectors. Global payment providers were the standout performers, driving over 39% of total transaction volume — using Flutterwave as their primary bridge into the continent.
Here are the top sectors that moved the most money through our rails this year.
Unlocking new markets quickly for the world's largest enterprises remains our unrivalled strength. In 2025, we kept following our customers wherever they expanded, and helping them meet their customers wherever they are.
52% of enterprises diversified into new collection markets in 2025
Expansion into new markets grew by 18%, compared to the previous year
The Tech and Global Payment Service Providers sectors recorded the most expansions, using our rails and cross-border solutions to successfully launch collections in multiple markets.
Air Peace activated new routes from Abuja to London Heathrow and turned on GHS MoMo as a payment option using Flutterwave to keep providing localized payment for its customers
Read their expansion story
For enterprises, capturing opportunity wherever it appears makes a measurable difference to performance. Supporting a wide range of global currencies allows our enterprises to serve their customers seamlessly, whether collecting payments or sending payouts across borders.
Below is a snapshot of the currencies processed on our platform in 2025:
The most important part of our infrastructure is our APIs, this is where the smartest ideas come to life. In 2025, we rebuilt our APIs to make them faster, safer, and more predictable.
Built with real developer feedback at the core, the new flows track every call, ensuring zero-friction execution when developers build on our rails
Build on v4
Unmatched infrastructure depth thrives on partnerships that function as core components of who we are.
By including key partners in our roadmap, we are closing the gap in our ambition to build a digital economy optimized for the future and Africa’s rising economic traction.
Earlier in 2025, we partnered with East African startup Chpter AI to power the next generation of social commerce across 11 markets (including Ghana, Senegal, and Egypt). Customers can now browse and pay seamlessly via WhatsApp and Instagram, with Flutterwave processing payments in local currencies
To help businesses scale in the EU and UK, we expanded our infrastructure to support multi-currency virtual accounts (AED, GBP, EUR, USD). This accelerates global fund flows and simplifies international collections.
We are building Africa’s largest stablecoin infrastructure. For enterprises, this unlocks near-instant settlement using USDT and USDC, bringing our stablecoin infrastructure closer to full readiness
Near-instant payment experiences are the ambition behind our stablecoin integration. In 2025, we built the foundational infrastructure and compliance framework required to support stablecoins at scale.
2026 marks the transition from groundwork to readiness. As regulatory frameworks mature across jurisdictions, businesses and individuals will be able to transact using stablecoins with speed, security, and certainty - all on a single, compliant platform.
Track the journey through StableRails
In 2025, we accelerated our path toward becoming the default financial operating system for Africa. Our goal has always been to build a future where local financial services are not restricted, but powered by real-time, authenticated payment methods on a single platform.
By moving beyond transactions to owning the infrastructure layers that enable data access, identity verification, and account-to-account payments, we are building a more interoperable ecosystem where the new era of payments and commerce in Africa are defined on Flutterwave
Read Our Mono Acquisition Story
2026 is the year Flutterwave turns ten. Our tenth anniversary is about reflecting on the "butterfly effect" we set in motion. A decade ago, we chose to build the foundation for African commerce, sparking an era of unprecedented innovation throughout the continent’s ecosystem.
Our next decade will be built on a strong, durable infrastructure that makes anything possible. That’s our extraordinary full stretch.
A glossary of all the new features released last year and what’s coming in 2026.
This service enables businesses to generate Static and Dynamic GHS (Ghanaian Cedi) virtual accounts for payment collections via Checkout and API. Businesses are also able to generate static accounts for permanent, one-time use.
This service enables businesses to generate Static and Dynamic GHS (Ghanaian Cedi) virtual accounts for payment collections via Checkout and API. Businesses are also able to generate static accounts for permanent, one-time use.
Enables businesses collect EGP payments via FawryPay. Customers can pay via Fawrypay app or cash at Fawry agent locations
Updating the collections process for XOF via Orange Senegal to ensure a smoother and more secure payment process for the customers.
Enhanced flags and checks on our MoMo transactions to ensure better security
Introduced a new Payout API focused on speed, improved documentation, and access to multiple bank and non-bank payout rails.
Launched a dedicated developer sandbox that allows users to test all payment scenarios and flows before creating a business account or going live.
Expanding PWBT for merchants to collect payments across the Middle East, Europe and America via bank transfer and issue virtual accounts in those currencies.
Stablecoins account for businesses and people to transact with stablecoins and open multi-currency virtual accounts, quickly and securely.
Bringing Flutterwave Checkout to the V4 APIs, allowing businesses to accept payments without a full custom API integration.
Extending Pay with Bank support to additional currencies such as ZAR, and more.
Introducing dummy transaction records, expanded test scenarios, and improved accessibility within the sandbox environment.