MTN gets final licence to operate payment service bank
Telecommunications giant, MTN Nigeria has been granted final approval to operate mobile money (MoMo) payment service bank (PSB) licence in Nigeria.
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Telecommunications giant, MTN Nigeria has been granted final approval to operate mobile money (MoMo) payment service bank (PSB) licence in Nigeria.
MTN Nigeria informs the Nigeria Exchange Group that it has received a final approval from the Central Bank of Nigeria to operate Momo Payment Service Bank Ltd.
MTN Nigeria, a subsidiary of South Africa-headquartered MTN Group Ltd, announced earlier today that it has received a final approval from the Central Bank of Nigeria to begin operating Momo Payment Service Bank Ltd in the West African country. | Pulse Ghana
With this approval, MTN Nigeria can provide virtually all the services offered by conventional commercial banks with the exception of granting credit and processing foreign exchange transactions.
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