Airtel Nigeria Set to Apply for Basic Banking License

Date: 
07 Dec 2018

Bharti Airtel’s Nigeria unit became the latest operator to unveil plans to launch its own mobile money platform, as authorities in the country prepare to relax regulations on telecommunications companies supplying banking services.

In an interview with The Cable, Airtel Nigeria managing director Segun Ogunsanya said the company would apply for a Payment Service Bank (PSB) license and subsequently launch services designed to drive financial inclusion across its 40 million-strong customer base.

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Type: 
General
Country: 
Nigeria