MTN, Airtel to face stiff mobile money competition in Nigeria

MTN and Airtel would need to keep an eye on TeamApt, which is currently in the market seeking to raise $150 million to push valuation to $1 billion.

Since the Central Bank of Nigeria (CBN) granted MTN Nigeria and Airtel Africa approval in principle for the operation of Payment Service Banks (PSBs), a lot of competitive realignment has been taking place. Chinese-owned OPay, arguably the largest mobile banking provider in Nigeria, has announced

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