BY NKECHI NAECHE-ESEZOBOR--The Nigeria apex bank, the Central Bank of Nigeria ( CBN) on Friday said it has licensed 3 Payment Service Banks (PSBs) to commence business.
The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB.
The apex bank disclosed this through its official Twitter handle on Friday, August 28, 2020.
The tweet thus reads: “Three Payment Service Banks (PSB) have also been granted final approval to operate as PSBs following compliance with licensing requirements;
Hope PSB
Monermaster PSB
9 PSB
It would be recalled that the CBN had issued the first guideline for the PSBs on October 26, 2018.
Also, the bank on the 27th of August, 2020 issued an updated and revised guideline for the licensing and regulation of Payment Service Banks in Nigeria.
PSBs according to CBN will strengthen Nigeria’s financial inclusion drive leveraging mobile and digital channels.
