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    Ariwoola sworn in as acting Chief Justice of Nigeria

    Ariwoola sworn in as acting Chief Justice of Nigeria

    Breaking: CJN Tanko Muhammad resigns

    Breaking: CJN Tanko Muhammad resigns

    We will support Ukraine in all forms “as long as it takes” – G7 Nations

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    Peaceful resolution of Russia-Ukraine conflict will cause more harm than good – UK Prime Minister

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    Russian ruble hits 7-Year high, threatening export competitiveness

    Russian ruble hits 7-Year high, threatening export competitiveness

    Inflation rate falls for 3 consecutive month

    Nigeria’s inflation rate rises to 11-month high

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s public debt rises by over N2 trillion in 3 months

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    Russia’s Gazprom halts gas deliveries to Finland

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Inflation rate rises in April 2022 compared to March 2022 – NBS report

    “Unfriendly” countries will have to pay for Russian gas in rubles – Putin

    10 EU countries quietly buying Russian gas with rubles

    The United Kingdom to approve first new coal mine in 30 years

    The United Kingdom to approve first new coal mine in 30 years

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    US Treasury Secretary warns about a complete European ban on Russian gas

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    Game of nominal money is over, it is now “our product, our rules” – Russia’s Gazprom

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Airtel Africa’s SmartCash PSB commences operation

Thursday, 19 May 2022, 10:35 am
in Business, Companies
0
All diaspora remittances must be received by beneficiaries in foreign currency only – CBN
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Airtel Africa Plc (NGX: AIRTELAFR) on Thursday announced that its subsidiary SmartCash Payment Service Bank Limited (‘SmartCash PSB’), has commenced operations in Nigeria.

The telecommunication giant made the announcement in document published on the Nigerian Exchange, seen by Investogist.

Airtel Africa said that “Services will initially be available at selected retail touchpoints, and operations will be expanded gradually across the country over the next few months.”

Investogist had reported that the Central Bank of Nigeria (CBN) has given final approval for SMARTCASH Payment Service Bank Limited to operate as a full Payment Service Bank (PSB).

The license affords the “Group the opportunity to deliver a full suite of mobile money services into Nigeria,” Airtel Africa Plc said while announcing the approval.

Commenting on the commencement of operation, Ogunsanya, Chief Executive Officer, said: “I am very excited to announce our commencement of operations for financial services in Nigeriathrough SmartCash PSB. This is the beginning of our journey to revolutionise the financial services landscape in the country. To help further digitise the economy, and most importantly to help bank the unbanked by reaching the millions of Nigerians who do not currently have access to financial services by delivering current and savings accounts, payment and remittance services, debit and prepayment cards and more sophisticated services.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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