MTN Nigeria and Airtel Networks receive PSB approval-in-principle from CBN

MTN Nigeria issued Regulatory approval-in-principle for Payment Service Banking license affecting Central Bank of Nigeria on November 14, 2021.

Primary

MTN Nigeria

Counterparty

Central Bank of Nigeria

Structure

Regulatory approval-in-principle for Payment Service Banking license

Date

November 14, 2021

Sub-sector

BaaS

CBN approves telcos as PSBs to deepen financial inclusion, enabling banking services in underserved areas via telecom infrastructure.

Primary company

MTN Nigeria

Counterparty

Central Bank of Nigeria

Amount

Not disclosed

Event date

November 14, 2021

Sub-sector

BaaS

HQ

Not disclosed

Structure

Regulatory approval-in-principle for Payment Service Banking license

Source published

November 14, 2021

Publisher

THISDAYLIVE

Source: thisdaylive.com