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Payments General

Airtel Nigeria plans payment service bank

Thursday 6 December 2018 | 01:14 PM CET

Airtel Nigeria is looking to strengthen its hold on the country’s mobile market with the plan to launch a payment service bank (PSB).

The company will apply for a PSB licence from the Central Bank of Nigeria (CBN) through a subsidiary.

The current population of Nigeria is 197.9 million as of 4 December 2018, based on the latest United Nations estimate.

The telco launched its Airtel Payments Bank in 2017. It went live with its core banking system in November 2017.

More: Link
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