MTN Nigeria has been granted the final approval by the Central Bank of Nigeria (CBN) to operate as Momo Payment Service Bank Limited.
In November 2021 MTN Nigeria and Airtel Africa received an “Approval in Principle” (AIP) from the Central Bank of Nigeria to operate as Payment Service Banks.
MTN Nigeria Communications PIc announced the receipt of a letter dated 8 April 2022 from the CBN addressed to Momo PSB conveying final approval to commence operations.”
The telecom giant is excited at this opportunity to support the fulfilment of the financial inclusion agenda of the CBN and the Federal Republic of Nigeria.