The CBN Gives Airtel Permission To Operate Mobile Money Banking.

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The Central Bank of Nigeria has granted Airtel Africa’s subsidiary, Airtel Mobile Commerce Nigeria Ltd, a full super-agent license.

This license, according to the company, will allow it to establish an agency network in Nigeria that will serve customers of licensed banks, payment service banks, and licensed mobile money operators.

“Further to our announcement on 15 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, today confirms that the CBN has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, a full super-agent licence,” the company said in a statement.

“The licence allows us to create an agency network that can service the customers of licenced Nigerian banks, payment service banks and licenced mobile money operators in Nigeria.”

Super agents are firms approved by CBN to recruit agents for agency banking, such as financial services within communities on behalf of banks in order to deepen financial inclusion.

This development is coming about five months after the telco was granted an approval-in-principle licence.


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