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Airtel Africa granted approval for Nigerian super-agent licence

AIRTEL Africa confirms that its subsidiary Airtel Mobile Commerce Nigeria has been granted approval in principle by the Central Bank of Nigeria to operate as a super-agent in Nigeria.

The super-agent licence differs from the Payment Service Bank (PSB) licence, for which the company received approval in principle on 4 November 2021.

The PSB licence enables Airtel to provide financial services in Nigeria, such as accepting cash deposits, payments and remittances, issuing debit and prepaid cards, operating electronic wallet and rendering other financial services.

Under the super-agent licence, Airtel will be able to create an agent network that can deliver the customers of licensed Nigerian banks, payment service banks and licenced mobile money operators.

Full approval of the super-agent licence is subject to the Airtel Group meeting certain standard conditions.

In related news, October saw Airtel Africa appoint Olusegun ‘Segun’ Ogunsanya, as its new managing director and chief executive officer.

Effective as of 1 October 2021, Segun has been tasked with leading African telco and mobile money services provider and has also joined the board of Airtel Africa.

Following this November saw Airtel Africa and UNICEF sign a five-year ‘multi-million dollar’ partnership to scale-up digital learning for children across 13 African countries.

Airtel Africa is the first African private sector partner to make a multimillion-dollar commitment to the initiative.

 

Source
Natalie Bannerman/Capacity Media

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