Mobile money wallets in Nigeria

Udo Udoma & Belo-Osagie, contributors to Afriwise in Nigeria, have shared their thoughts on a circular issued by the Central Bank of Nigeria (CBN) on 4 July 2019, which permits Deposit Money Banks (DMBs) to offer mobile wallet services to Nigerians without prior approval by the CBN.  

The update considers the possible impacts the circular might have on other stakeholders within the financial services sector, particularly Mobile Money Operators (MMOs).  To read the publication, please click here.