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BoG Suspends Remittance Partnerships of Flutterwave, Cellulant, and Halges Financial Technologies

4Sep

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Business

BoG Suspends Remittance Partnerships of Flutterwave, Cellulant, and Halges Financial Technologies

The Bank of Ghana (BoG) has announced the suspension of remittance partnerships involving three payment service providers (PSPs) — Flutterwave Inc., Cellulant Ghana Limited, and Halges Financial Technologies Limited — over multiple breaches of the Updated Guidelines for Inward Remittance Services. According to a statement issued by the central bank, the remittance operations of Flutterwave Inc. and Cellulant Ghana Limited have been suspended for one month, effective September 18, 2025, following violations of paragraphs 5 and 7.1 - 7.3 of the 2023 guidelines, as amended by BoG Notice No. BG/GOV/SEC/2025/25. In addition, Halges Financial Technologies Limited has been barred from engaging in any remittance activities unless it secures prior approval from the Bank of Ghana. The BoG e...

Flutterwave Named to TIME100 Most Influential Companies List for Second Time, Highlighting Global Payments Influence

Africa’s leading payments technology company returns to this global list after its 2021 debut. SAN FRANSCISCO--(BUSINESS WIRE/AETOSWire)-- Flutterwave, Africa’s leading payment technology company, has been named among the TIME100 Most Influential Companies List of 2025. This marks the second time the company has received this prestigious global honor. Flutterwave joins global leaders such as Amazon, Berkshire Hathaway, Netflix, OpenAI, Universal Music Group, and others in the list’s TITANS category. TIME reveals the fifth-annual TIME100 Most Influential Companies list, highlighting companies making an extraordinary impact around the world today. To assemble the list, TIME solicited nominations across sectors, and polled its global network of co...

Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins

Africa’s leading payment company, Flutterwave, and crypto exchange, Yellow Card, have joined 25 other payment platforms across the globe under a new group called Circle Payments Network (CPN) to facilitate cross-border payments across the globe leveraging stablecoins. The network established by Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets globally. It enables real-time settlement of cross-border payments using regulated stablecoins. “CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a globally connected payments network,” Circle Int...