MTN Nigeria has bought out the minority shareholder in MoMo Payment Service Bank (MoMo PSB) for N6.95 billion.
MTN Nigeria has reported that active wallets on its MoMo Payment Service Bank (PSB) reached 5.5 million in the second quarter of this year.
Airtel Nigeria’s SmartCash Payment Service Bank (PSB) recorded 1.5 million active users at the end of March 2024.
The fintech business of MTN Nigeria recorded a marginal increase to N22.8 billion in the first quarter(Q1) of this year.
MTN Nigeria has reported that its MoMo Payment Service Bank (PSB) reached 5.3 million active wallet users on its platform as of December 2023.
Smartcash Payment Service Bank (PSB) Limited, a subsidiary of Airtel Nigeria, said its customers can now receive international remittances in naira to their mobile wallets.
Eli Hini has said Nigeria has a better opportunity than other African countries to excel in financial and digital inclusion if traditional banks, PSBs, and FinTechs can work together.
MoMo Payment Service Bank and Saana Capital LLC, a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), have announced their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as well as convenient bill payment services.
The company said the decision was based on the realization that financial literacy is a major barrier to getting many Nigerians financially included.
MTN’s MoMo PSB recorded a 1.2 million increase in its active wallet users in Q1, bringing its total active wallets to 3.2 million.
A lawsuit involving MTN Nigeria’s MoMo PSB and 18 Nigerian banks has been generating reactions from Nigerians. While...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB).
