Today, we’re excited to announce another significant milestone in our journey, we have received a Payment System License from the Bank of Zambia.

Receiving this license is a key moment for us as we continue to expand our payment solutions across Africa. This license allows us to operate in Zambia, offering innovative payment solutions that make it easier for Zambian businesses to accept payments from their local and international customers using their preferred payment method. Additionally, they can now process single and bulk payouts to their partners and employees, while also accessing new growth opportunities in a rapidly growing digital economy.

Why Are We Excited About Zambia? $6.7 Billion Reasons

When you think of Zambia, it’s hard not to picture the iconic Victoria Falls, the stunning wildlife in its national parks, or the incredible natural landscapes. But beyond its natural wonders, Zambia is a country brimming with potential and energy, especially when it comes to its digital landscape.

Photo by Sean Nyatsine on Unsplash

But what’s even more exciting is Zambia’s evolving payment ecosystem. The country is undergoing a digital transformation fueled by growing internet access. With more than 16 million mobile subscriptions and 32% internet penetration, Zambia is on the path to becoming a prominent digital leader.

And it’s not just the numbers that excite us; it’s the people. More than 63% of the population is under 25, creating a vibrant, tech-savvy demographic that’s shaping the demand for innovative, technology-driven solutions like digital payments.

As more people get online and businesses embrace digital tools, the need for secure, scalable, and efficient payment solutions is higher than ever.

The future looks even brighter, with Zambia’s digital payments market projected to reach $6.7 billion by 2025. We’re thrilled to be part of this exciting journey, helping businesses take advantage of these opportunities and better serve their customers.

Why Global Businesses Should Consider Expanding Into Zambia

This milestone isn’t just about us; it’s about the businesses we can empower. With our license, we’re ready to support global companies looking to make their mark in Zambia. For businesses that may have hesitated in the past, knowing they have a trusted payment partner makes expansion into Zambia a lot less daunting.

Zambia’s growing digital economy, driven by a young, tech-savvy population and a shift towards digital payments, presents a major opportunity for large businesses looking to extend their reach across Africa. Add to that Zambia’s stable business environment, and you have a recipe for success. There’s no better time to get in on the ground floor and grow with Zambia’s expanding economy.

Benefits of Expanding Your Business Into Zambia with Flutterwave

• Seamless Payments: Our innovative payment solutions offer your customers a seamless and convenient payment experience.
• Safe & Secure Payments: We are compliant with industry security standards such as PA-DSS & PCI-DSS and ISO 27001 & 22301 certifications, ensuring you and your customers are protected on our platform. Learn more about how we keep you and your customers safe here. 
• Business Growth: Our efficient payment solutions will improve payment completion rates and operational efficiency, leading to business & revenue growth.
• Premium Customer Service: With a dedicated account manager, you are guaranteed timely and top-notch customer service from our team.
• Market Access: Tap into Zambia’s growing consumer base and access new business opportunities.
• Regulatory Compliance: Benefit from our expertise in navigating Zambia’s regulatory environment, ensuring compliance with all laws.

Are you ready to expand into Zambia and start processing payments with Flutterwave? We’re ready to set you up in no time. Get started here.

Our Payment Offerings In Zambia

• Payment Collection: Our payment gateway enables you to easily receive local and international payments from your customers via multiple payment methods they are used to, including cards and mobile money.
• Seamless Payouts: Efficiently disburse payments to single and multiple recipients such as your employees, suppliers, and business partners in Zambian Kwacha.
• API Solutions: Embed our robust API into your websites and applications to process online payments through Flutterwave checkout, direct charge, and plugins such as WooCommerce and Shopify. 
• Dashboard: Control your account by monitoring transactions, creating reports, and adding collaborators on the Flutterwave Dashboard. 
• Invoicing: Create and share trackable professional invoices on your Flutterwave for Business dashboard.
• Payment Links: Create single and recurring payment links to quickly and securely get paid by your customers in 50+ currencies.

Frequently Asked Questions

• How Can I Get Started?
  You can get started by contacting our team here.
• What Are The Requirements For Setting Up An Account?
  The requirements for setting up a Flutterwave For Business account in Zambia vary depending on the account type. The core requirements are business registration documents, valid identity documents, tax clearance certificates, personal bank details, etc. Learn more about the requirements for each account category here. 
• What if I already have a Flutterwave For Business account?
  If you have a Flutterwave For Business account, log in to view your account. If you have completed the KYC process, you can start collecting payments. Start by creating a payment link and sharing it with your customers, learn how to create one here. 
• What Types of Businesses Can Use Flutterwave In Zambia?
  All legitimate, registered, and pre-approved businesses in Zambia can process payments using Flutterwave. Visit this link to see business categories prohibited from using our payment services. 
• What Payment Methods Are Available To My Customers?
  Your customers can pay you using Cards, Mobile Money (Airtel Money, MTN, Zamtel), Apple Pay, and Google Pay.
• How Much Does It Cost To Sign Up With Flutterwave?
  Signing up on Flutterwave is free.
• What Are The Transaction Fees For Processing Payments In Zambia?
  We charge a percentage of the transaction, whether you are accepting payments or processing payouts. You can learn more about our pricing structure in Zambia by sending an email to hi@flutterwavego.com.

If you have more questions about our payment solutions in Zambia or require any assistance, please email hi@flutterwavego.com. Our support team is available to answer your questions. 

We have the payment infrastructure and reach to help Zambian businesses seamlessly process payments and grow. Since its inception, Flutterwave has helped businesses of all sizes such as Uber, Audiomack, and Chipper Cash, to process over 800 million payments worth over $35 billion. So, we are excited about the opportunity to offer our payment solutions to Zambian businesses and to help global enterprises expand into one of Africa’s most beautiful countries.

Shani Zambia, let’s build something incredible together.