CBN Gives Airtel Access To Operate Mobile Money Banking

Airtel Africa has confirmed that the Central Bank of Nigeria has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, with a full super-agent licence.

This licence will allow the firm to create an agency network that can service customers of licenced banks, payment service banks, and licenced mobile money operators in Nigeria.

In a statement, the firm said, “Further to our announcement of 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, with a full super-agent licence.

“The licence allows us to create an agency network that can service the customers of licensed Nigerian banks, payment service banks and licensed 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 to deepen financial inclusion.