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Report: Moniepoint, eTranzact, Flutterwave Recorded $144 Billion in Mobile Money Transactions in 2022 – THISDAYLIVE

Report: Moniepoint, eTranzact, Flutterwave Recorded $144 Billion in Mobile Money Transactions in 2022 – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Nigeria: Moniepoint, Etranzact, Flutterwave Recorded $144 Billion in Mobile Money Transactions in 2022 - Report

Nigeria: Moniepoint, Etranzact, Flutterwave Recorded $144 Billion in Mobile Money Transactions in 2022 - Report
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territoryEmma okonjiSterling bankHydrogen paymentsComputer warehouse groupCentral bankPayment terminal service providers ptspsAirtel smartcash payment service bankBank settlement systemPayment solutions service providerNigeria deposit insurance corporationMobile money operatorsPayment outlookSolutions service providerPayment terminal service providersSmartcash payment service bank

CBN sets N2bn capital, others for payment firms

Punch Newspapers Sections Nike Popoola The Central Bank of Nigeria has set a minimum capital base for Payment Service Banks and other finance institutions. The CBN disclosed this in a circular released on Thursday titled ‘New licence categorisations for the Nigerian payment system’ and signed by the Director, Payments System Management Department, Musa Jimoh. Mobile money operations with operational licence for e-money issuing, wallet creation and management, and pool account were required to have N2bn minimum capital. Also, switching and processing companies with operational licence for switching, card processing, transactions clearing and settlement agents’ services, non-bank acquiring services, and activities as permissible under super-agent also require N2bn capital.

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