Thursday
December 6
2018

Airtel is banking on its 40 million subscribers to operate the largest and secure mobile money platform in Nigeria

By Aderemi Ojekunle

Airtel Nigeria says it is planning to operate the largest and most secure mobile money platform in the country through a subsidiary.

The telco, in a statement released on Wednesday, December 5, 2018, said it will apply for the Payment Service Bank licence through a subsidiary as directed in the Central Bank of Nigeria’s guidelines, adding that it had a vision of becoming the largest and most secure PSB in Nigeria.

Segun Ogunsanya, managing director, Airtel Nigeria, said Nigeria’s second largest network provider will use the PSB facilities to promote financial inclusion as well as enhance access to financial services to the rural poor, low-income earners and financially excluded of the society.

Photo courtesy of Shardayyy.

Source: Pulse Nigeria (link opens in a new window)

Categories
Finance
Tags
financial inclusion, financial services, fintech, mobile money, telecommunications