Flutterwave wins Euromoney award for Africa's best payments infrastructure

Flutterwave has been named Africa's Best Payments Infrastructure Provider at the Euromoney Transaction Banking Awards 2026, the company announced.

The award comes as the payments firm marks ten years since it was founded in 2016. Euromoney, a financial publication with more than 50 years of history, runs the awards to recognise work in transaction banking and payments worldwide.

Flutterwave's business is built on connecting the many different payment systems across Africa. Its platform links local payment methods, banking networks and international systems, so businesses can accept payments and sell across borders without building separate connections in each country.

According to the company, about four million individuals and businesses use the platform, from small and medium-sized enterprises to large global organisations. It says it has processed more than one billion transactions worth over $50 billion.

Why it matters for Nigerian businesses

For small businesses that sell online or to customers abroad, payment infrastructure decides whether money arrives quickly or gets stuck. A single platform that handles several currencies and local methods can cut the cost and delay of collecting payments, which matters when margins are thin and the naira's value is under pressure.

Founder and CEO Olugbenga Agboola said the recognition was a proud moment for the company at its tenth anniversary. He said the aim in 2016 was to make it easier for African businesses to move money and take part in the global economy, and that there is still significant work to do to make payments across Africa simpler and faster.

Agboola said the company is now moving beyond payments, building infrastructure that brings together payments, banking and stablecoin capabilities. Stablecoins are digital tokens usually pegged to a major currency such as the dollar.

Earlier this year, CNBC and Statista listed Flutterwave among the world's top 250 fintech companies, and Fintech Magazine named Agboola among its top 100 fintech leaders.

What happens next

Flutterwave has bought the open banking company Mono and obtained a Nigerian microfinance banking licence, steps it says will bring payments, banking and financial data closer together. It has also taken strategic investments from Ripple and Circle as it builds stablecoin-powered settlement for cross-border payments, and is expanding multicurrency services for businesses that collect and pay in different markets.