India offers lessons on deepening inclusion through Payment Service Banks

In Nigeria, three PSBs already have licences to operate such as Hope PSB, Money Master PSB and 9 PSB.

A recent report by the Global System for Mobile Communication Association (GSMA) intelligence has shown what developing countries can learn from India in driving financial inclusion through its Payment Service Banks (PSBs). A PSB is a type of bank that operates on a smaller scale by harnessing te

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