The Central Bank of Nigeria recently granted approval in principle to MTN Nigeria and Airtel Africa to operate payment service banks (PSBs), with final approval to follow in six months, subject to specific requirements.
The share of the mobile money market and the value of transactions controlled by MTN Ghana may have helped unravel a picture of what to expect from the Nigerian business when MTN kicks off its payment service bank (PSB) in the next six months.
The Central Bank of Nigeria recently granted approval
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