30 results
- 31 Jan 2019
Licensing Telcos for Payment Services, Threat to Banks- GTB
Guaranty Trust Bank otherwise GTB has said that the decision of the Central Bank of Nigeria (CBN) to license telecommunications companies for payment services is a threat to banks operating in the…
- 14 Mar 2024
Interswitch Merges with M-Kudi, Aims for Payment Service Bank License in Nigeria
Interswitch, backed by Visa, has revealed its merger plans with mobile money provider M-Kudi, signaling its intent to secure a Payment Service Bank (PSB) license from the Central Bank of Nigeria. The…
- 1 Feb 2016
WorldRemit, MTN Ink Agreement on Mobile Money Service
WorldRemit and MTN Group has announced that its customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership…
- 23 Nov 2018
MTN, Orange Launch Mobile Money Interoperability to Scale up Mobile Financial Services
Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable…
- 13 Jul 2021
CBN Insists Telcos Won’t Drive Mobile Money Services in Nigeria
Central Bank of Nigeria (CBN) has said in its recently published regulatory framework for mobile money services, saying it will not adopt the model in which telecommunications companies are the…
- 6 Oct 2022
CBN grants Xpress Payments Mobile Money Licence
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank of Nigeria. According to a statement, the licence allows XpressMTS to…
- 14 Apr 2014
Facebook to Provide Mobile Payment Services
Facebook Inc is preparing to join the mobile-payments race with remittances and electronic-money services on the social network, the Financial Times reported, citing several people involved in…
- 16 Jun 2014
NDIC Moves to Improve Mobile Banking Services
Umaru Ibrahim, managing director, Nigeria Deposit Insurance Corporation (NDIC) has called on stakeholders in the mobile money business to seek ways of extending the service to a larger proportion of…
- 25 Jul 2016
Pirates Invade Mobile Payments Services Space
Unlicensed mobile payment companies have invaded the country’s mobile financial services ecosystem exploiting the weak regulatory enforcement system and stakeholders are not happy about it. …
- 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…
- 26 Jul 2019
WorldRemit Launches New Mobile-To- Mobile Digital Payment Service in Africa
WorldRemit users can now make instant, low-cost international mobile money transfers to 15 million accounts in Guinea, Malawi, Madagascar, Mozambique, and Niger. Digital money transfer…
- 9 Jul 2021
CBN Releases Guidelines, Framework for Mobile Money Services
The Central Bank of Nigeria, CBN, today released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and…
- 1 Jul 2022
Airtel Africa Launches Smartcash Payment Service Bank in Nigeria
Airtel Africa, telecommunications and mobile money services provider with a presence in 14 countries across Africa, has launched SmartCash Payment Service Bank, its wholly-owned subsidiary, to…
- 14 Aug 2013
60% Nigerians Unaware of Mobile Money Services
Latest weekly poll released by NOI Polls Limited reveals that almost 6 in 10 Nigerians (59%) are not aware of mobile money services. Furthermore, only 13% of those that are aware (49%) of the…
- 14 Sept 2012
Etisalat Launches easywallet Mobile Money Services
Etisalat Nigeria has unveiled easywallet, a secure and user-friendly SIM Application for mobile money payments and transfers and the company said the service is in line with its focus of providing…
- 1 Apr 2013
Western Union, VTN Launch Mobile Payment Service
The Western Union Company, the global payment solution provider in partnership with Virtual Terminal Network (VTN), leading Nigerian payment operator have launched a new transfer service that allows…
- 21 Feb 2012
FirstBank Joins Forces with Telcos on Mobile Money Service
First Bank of Nigeria Plc, Nigeria’s financial powerhouse has penned Memorandum of Understanding (MoU) with three telecommunication companies to provide seamless mobile money services as part of the…
- 23 Mar 2014
Ecobank Partners MTN on Mobile Money Services
Mobile Money users, who are also customers of MTN and Ecobank in 12 African countries, may soon be able to withdraw cash from Ecobank ATMs and transfer money between their Mobile Money and Ecobank…
- 17 Apr 2014
Etisalat Transforms Mobile Banking Service in Nigeria with Smartphone App
Etisalat Group, leading mobile telecommunications provider, through its subsidiary in Nigeria, announced the launch of a new and comprehensive smartphone app that will enable customers to access…
- 4 Apr 2012
MTN, Stanbic IBTC Bank Join Hands for Mobile Money Services
MTN Nigeria, leading telecommunications service provider, and Stanbic IBTC Bank, a member of Standard Bank Group, have signed an agreement on the provision of mobile money services to Nigerians.…
- 30 Nov 2009
Mobile Money Ventures, CPNI partner to Offer mobile payments
Mobile Money Ventures and CPNI Inc. say they will be working together to offer financial institutions a comprehensive solution that integrates CPNI’s mobile commerce solutions into MMV’s…
- 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…
- 18 Mar 2019
Payment Service Banks in Nigeria, Lessons from the Past
By Emmanuel Okoegwale Ten years ago, there was great optimism that the licensing of mobile money providers will usher in a new era in the drive for greater financial inclusion and fill the vacuum…
- 7 Nov 2012
FirstBank Launches Firstmonie Mobile Money Service
FirstBank of Nigeria Plc has launched her Firstmonie Mobile Money Service, an innovative product that enables customers to access financial and other value added services offered by the bank through…
- 25 May 2009
CellTrust Positions for Secure Mobile Banking and Payment Services
CellTrust of Africa has positioned to make a mark in mobile banking and payment in Nigeria, with solution for micro and macro financial institutions. The company’s advanced mobile banking…
- 2 Apr 2015
CBN Issues New Guidelines on Mobile Money Services
Central Bank of Nigeria (CBN), yesterday approved new guidelines for Mobile Money Services in the country. The apex bank in a circular stated specifically that the guidelines were issued to address…
- 19 May 2022
MoMo Payment Service Bank Formally Commences Operations
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited,…
- 19 Oct 2012
Cellulant Nigeria Prepares to Roll Out Mobile Money Services
Cellulant Nigeria, a mobile commerce network operator licensed by the Central Bank of Nigeria (CBN), the company plans to rollout services in early next year and has promised to deliver world class…
- 8 Mar 2013
CBN Becomes Host Country Partner of AITEC Banking & Mobile Money Conference
Central Bank of Nigeria (CBN) has confirmed its participation as host country partner in AITEC’s sixth annual Banking & Mobile Money West Africa Conference, taking place March 13-14 in Lagos.…
- 17 Aug 2013
Mobile Money Shunned by Unbanked Nigerians
The NOI polls recently has found that mobile money scheme has not been embraced by the unbanked Nigerians. Mobile money service is targeted at a particular group of people, the rural areas, the…