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The apex bank have finally granted MTN’s MoMo PSB license to operate through a communicated receipt of the approval in principle from the Central Bank of Nigeria (CBN) for Momo Payment Service Bank Limited (Momo PSB).

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MTN Nigeria Communications Plc (MTN Nigeria) announces the receipt of a letter dated 8 April 2022 From the CBN addressed to Momo PSB conveying final approval to commence operations. The date of commencement will be communicated to the CBN in  accordance with its requirements.

Read Also: Fintech Nigeria; Analysis of CBN Latest Regulations on Mobile Money.

MTN Nigeria affirms its commitment towards the Financial inclusion agenda of the CBN and the Federal Republic of Nigeria and we are excited at this opportunity to support its fulfillment.

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By Tony Chimdiuto

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