Payment Service Banks (PSB)

Financial inclusion at its core, speaks to ease of access to a range of financial products; particularly when designed to meet the needs of lower-income groups. In a rather simplistic…

The payment unit of MTN Nigeria Communications Plc – MoMo Payment Service Bank (MoMo PSB) has registered 2.4 million active (out of 4.2 million) MoMo wallets from May 19-June 30, 2022.…

Airtel Africa, a provider of telecommunications and mobile money services, has launched SmartCash Payment Service Bank (PSB), its wholly-owned subsidiary, to provide secure and reliable…

Experts in the financial sector have identified increased revenue and growth, leveraging Telecommunication companies ’ Know Your Customer (KYC) and liquidity as the opportunities Payment…

Telecommunication operators’ push to offer mobile money services in Nigeria has made yet another progress as the Central Bank of Nigeria (CBN) on Thursday issued MTN Nigeria and Airtel…