30 results
- 26 Apr 2019
First Bank’s Mobile Money Agents Process over $490m Transactions Monthly
First Bank of Nigeria has said that its efforts to deepen financial inclusion in Nigeria has grown its network of mobile money agents to over 22,000 agents. The bank also said the agents had…
- 23 Oct 2015
CBN to License Super Mobile Money Agents
Central Bank of Nigeria (CBN), has disclosed that a framework to license super agents mobile money operators is on its final stage. However, three major telecommunications firm in the country have…
- 19 Feb 2013
AITEC Announces Speakers for Banking & Mobile Money West Africa Conference
Over 30 local and international speakers have confirmed their participation as speakers at this year's AITEC Banking & Mobile Money West Africa Conference, to be held at the Eko Hotel, Lagos over…
- 13 Sept 2020
Mobile Money Agents Decry High Rate of Decline PoS Transactions in August
Mobile money and banking agents at the hinterland have decried high rate of decline transactions they experienced last month compared to other months. Some of the agents that spoke with Nigeria…
- 30 Jul 2017
Agents, Logistics Hobble Banks’ Mobile Money Operations
Managing mobile money agents’ networks and logistic issues have conspired to frustrate money deposit banks from making progree in the mobile money operations in the country, according to experts who…
- 28 Jul 2020
AMMBAN Decries Illegal Taxes on Mobile Money & Bank Agents by Local Govt. Councils
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has frowned at intimidation, disruptions and molestation of its members across the country by local government councils/LCDAs officials…
- 30 Jun 2023
Mobile Money Agents Explains Recent Hike in PoS Charges
Mobile Money Agents, under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), said the recent increase in Point of Sales (PoS) transaction charges is a reflection of…
- 29 Oct 2017
Drop in Mobile Money Agent Outlets Worries Stakeholders
by Chike onwuegbuchi The number of Mobile money agent networks has continued to witness drop in the past one year and stakeholders are not happy about it. According to IMF Data: Eight Annual…
- 20 Mar 2022
AMMBAN Seeks Enforcement of CBN Guidelines in Tackling Abuses of Agency Banking
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has called for more cohesive collaboration among stakeholders in the mobile money and agency banking sector in a bid to sanitize…
- 18 Jul 2021
AMMBAN Decries Agency Banking Abuse in the Financial Inclusion Policy
Association of Mobile Money and Bank Agents in Nigeria (AMMBAN ) has frowned at none compliance and monitoring of activities of agents deployed on the financial inclusion programme of Central Bank of…
- 10 May 2026
PAFON 3.0: Agency Banking Key to Reaching Millions of Unbanked Nigerians – AMMBAN
Dr. Obioha Oti, National President of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), has described agency banking as Nigeria’s most critical last-mile channel for achieving…
- 26 May 2024
AMMBAN Decries Mandatory CAC Registration of POS Agents
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has decried the directive coming from the Corporate Affairs Commission mandating all Point Of Sale (POS) agents to register with the…
- 3 Dec 2017
Interoperability Hobbles Mobile Money Growth 4 Years After CBN Directive
By Chike Onwuegbuchi Over four years after Central Bank of Nigeria (CBN) issued a directive to mobile money operators and Nigeria Inter-Bank Settlement System (NIBSS) to achieve interoperability…
- 19 Jul 2017
Verve International Partners 13 Banks, Mobile Money Operators
Verve International has announced its strategic partnership with Nigerian banks and Mobile Money Operators to deploy Cardless transaction infrastructure across all states in the country. Known as…
- 10 Dec 2024
AMMBAN Seeks Review of 5 Percent Charge Imposed on PoS Agents
Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has appealed to the Central Bank of Nigeria (CBN) and the Office of the Vice President, Kashim Shettima, to review the five per cent…
- 11 May 2018
AMMAN Picks Holes in Shared Network Initiative of Banks
Association of Mobile Money Agents in Nigeria (AMMAN) has pick holes in the Central bank of Nigeria (CBN) and money deposit banks’ recently launched Shared Agent Network initiative, saying that…
- 14 Jan 2013
AITEC, E-PPAN Partner for AITEC Banking & Mobile Money West Africa Conference
AITEC Africa and the E-Payment Providers Association of Nigeria (E-PPAN) have announced a partnership agreement for E-PPAN to be the Host Country Partner for the sixth annual AITEC Banking &…
- 20 Nov 2022
AMMBAN Blames Operators for Proliferation of Unlicensed POS Agents
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has blamed operators in the financial services ecosystem for the proliferation of unlicensed point of sale terminal (POS) agents…
- 14 Dec 2015
MNOs to Get Super-Agent Role in Mobile Money Ecosystem
Contrary to speculations making the rounds that Central Bank of Nigeria (CBN) is planning to license Mobile Network Operators (MNOs) to operate Mobile Money business. They will be given…
- 27 Dec 2015
Expert Taps Social Protection, Others to Drive Mobile Money Growth in 2016
Emmanuel Okoegwale, principal associate, Mobilemoney Africa, has said that the Nigerian social protection programme that will reach over 20 million vulnerable beneficiaries receiving N5, 000 monthly.…
- 10 Sept 2015
Mobile Money Operators rally Support for Glo Xchange
Banks and mobile money operators partnering with Globacom for the implementation of a seamless mobile money service in the country have commended the telecom operator for its commitment to driving…
- 3 Nov 2019
SANEF, CBN Achieve Interoperability at Agents Banking Units This November
Financial inclusion initiative of central bank of Nigeria, CBN, will receive a boost next month as agent banking units under the initiative will begin to enjoy interoperability, Nigeria…
- 2 Jan 2024
AMMBAN seeks More Synergy with CBN, other Banks Over Cash Scarcity
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has called on the Central Bank of Nigeria and other commercial banks in the country to collaborate more with members of the…
- 16 Sept 2018
Stakeholders Rue Poor IT Services at MM, Banking Agents’ Locations
Stakeholders in the financial inclusion ecosystem have expressed worries over poor information technology services deployed by operators at mobile money and banking agents’ locations in the country.…
- 5 Jan 2024
AMMBAN Plans to Create 500,000 Jobs Across Nigeria
The newly elected president of the Association of Mobile Money and Banking Agents in Nigeria (AMMBAN) Fasasi Sarafadeen Atanda, has pledge the associations commitment to support the government of…
- 22 Sept 2013
CBN May Allow Telcos to Drive MM Adoption
Central Bank of Nigeria (CBN) may rescind its decision and allow telecoms operators drive the mobile money payment scheme to give fresh impetus to the initiative which has crawled since introduction…
- 22 Jul 2024
CIBN Commences Tutorial Session for Agency Banking Certification Examination
Tutorial sessions for the students registered for the October 2024 diet examinations for Agency Banking Certification of the Chartered Institute of Bankers of Nigeria (CIBN) have begun. The first in…
- 15 Nov 2018
CBN Asks Telcos to Pay N5Bn for Mobile Money Licenses
Central Bank of Nigeria (CBN) has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money services to make a minimum capital deposit of N5bn.…
- 24 Apr 2017
Stakeholders Seek Regulatory Review to Boost Mobile Money
Stakeholders in the mobile money ecosystem have called for a review of the prevailing mobile money regulatory framework, so that the country can achieve the target growth rate in the system. They…
- 30 Jul 2015
Mobile Money Schemes Record N4.3Bn Worth of Transactions in June
The value of mobile money transactions between the different mobile schemes in the country have reached N4.3Billion at the end of June this year, Nigeria CommunicationsWeek can now reveal. The…