Further to the announcement of 15 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today April 26, 2022 confirms that the Central Bank of Nigeria (‘CBN’) has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, with a full super-agent licence.
The super-agent licence is distinct from the Payment Service Bank (‘PSB’) licence, for which we received approval in principle on 4 November 2021. The PSB licence is required for Airtel to be able to provide financial services in Nigeria such as accepting cash deposits and carrying out payments and remittances, issuing debit and prepaid cards, operating electronic wallets, and rendering other financial services.
Under the super-agent licence, the company would be able to create an agent network that can service the customers of licensed Nigerian banks, Payment service banks, and licenced mobile money operators in Nigeria.
