MON 15 NOV, 2021-theGBJournal- The Central Bank of Nigeria (CBN) has granted Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, approval in principle to operate as a super agent in Nigeria, Airtel Africa announced today.
The super agent licence is distinct from the Payment Service Bank (PSB) licence, for which Airtel received approval in principle on 4 November 2021.
The PSB licence is required for Airtel to be able to provide financial services in Nigeria such as accepting cash deposits and carrying out payments and remittances, issuing debit and prepaid cards, operating electronic wallet and rendering other financial services.
‘’Under the super agent licence we would be able to create an agent network that can service the customers of licensed Nigerian banks, Payment service banks and licenced mobile money operators in Nigeria,’’ Airtel said.
The final approval of the super agent licence is subject to the Group satisfying certain standard conditions.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
