Categories: BREAKING NEWSBUSINESS

MTN, Airtel Secure Approval For Payment Service Bank

MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB).

The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday.

They are required to fulfill some conditions for the Central Bank of Nigeria (CBN) to issue them regulatory licenses for commencement of operations.

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