MoMo PSB’s active wallets hit 3.6 million in Q3, 2023
The payment service subsidiary of MTN Nigeria, MoMo PSB, recorded a 53.1% year-on-year increase in active wallet users to 3.6 ...
Tag: PSB
Smartcash PSB introduces international remittance to mobile wallets
Smartcash Payment Service Bank (PSB) Limited, a subsidiary of Airtel Nigeria, said its customers can now receive international remittances in ...
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.
MTN’s MoMo Payment Service Bank begins operation in Nigeria
MoMo Payment Service Bank (PSB), the fintech subsidiary of MTN Nigeria Plc has commenced commercial operations in Nigeria...
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.
