The rise of telco Payment Service Banks (PSB) in Nigeria and the opportunties for banks
The reality today is that, with the rise of PSBs, customers have more options to traditional banking services.
Tag: Payment Service Banks
Difference between a Payment Service Banks (PSB) and Deposit Money Banks (DMBs)
The Central Bank of Nigeria issued an approval in principle to two of the nation’s largest telecommunication firms, MTN Nigeria ...
FinTech, the answer to financial inclusion in Nigeria
FinTech or Financial Technology is a broad term used for technology and innovation that deliver financial services through software. Unlike ...
CBN’s sustained drive for financial inclusion
The Mobile Money Operators (MMOs) are to provide mobile money wallets, issue electronic money (E-money), acquire cards, manage, and recruit ...
This is where PSB, CBN got it all wrong
The CBN seems to be making the same mistake with PSB as it has made with commercial banks.
CBN grants licenses to 3 Payment Service Banks
The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB.
CBN makes case for PSBs, cautions Banks, PSBs against demarketing
CBN Governor, Godwin Emefiele promised to deepen the financial inclusion sector by providing a level playing field for all.
OPay’s Country Manager reveals banks that will fizzle out to MTN, other Fintechs
The Country Manager for OPay in Nigeria has said traditional banks should be worried about the Fintechs and Telecos certified by ...
CBN places PSBs on minimum capital requirement of N5 billion
CBN releases guidelines for licensing and regulation of Payment Service Banks
