• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, September 23, 2023
NewsOnline Nigeria
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

MTN MoMo Payment Service Bank Begins Operation In Nigeria

by Justice Winner
May 20, 2022
in Education, Headline
MTN MoMo Payment Service Bank

MTN MoMo Payment Service Bank has begun its operation in Nigeria.

 

 

Newsonline reports that MoMo Payment Service Bank (PSB), the fintech subsidiary of MTN Nigeria Plc has commenced commercial operations in Nigeria.

 

BREAKING: Naira Depreciates Massively Against Dollar, See New Exchange Rate

 

This online newspaper understands that the telecom giant notified its shareholders and the investing public of the commencement of operations via a corporate disclosure signed by the company’s secretary, Uto Ukpanah and filed with the Exchange (NGX).

READ ALSO

Tinubu Government Cautions Fuel Station Operators Against Pump Alteration

BREAKING: Egypt Defeats Nigeria In Africa Women’s Youth Handball Championship Semis

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

It’s False, NNPCL Not Involved In Secret Recruitment

 

 

This comes after a successful pilot initiated on May 16, 2022, in commemoration of the launch of the company’s GSM operations on May 16 2001, and the company’s listing by introduction on the Nigerian Exchange Limited on May 16 2019.

 

According to the disclosure, the fintech PSB is positioned to enable millions of unbanked and underserved Nigerians to access a wide range of financial service products with an expansive agent network of over 166,000 agents and digitized partnership infrastructure.

The fintech PSB will be dedicated to eliminating frictions from everyday payment by digitising cash payments.

What they are saying

Speaking on the latest development, Karl Toriola, CEO of MTN Nigeria said, “This is an important milestone for MTN Nigeria in our mission to support government’s drive to towards financial inclusion in Nigeria. Not just for those in urban centers and markets, but also people in the rural and remote areas of the country who remain excluded from the Financial system”.

The CEO of MoMo PSB, Usoro Usoro, said “Providing easy to use, accessible and affordable financial services to all Nigerians is essential to executing the CBN’s financial inclusion strategy and digital inclusion agenda of the Minister of Communications and Digital Economy. We look forward to playing our part and are excited about the opportunities to partner with relevant institutions across various sectors to co-create and expand access nationwide”.

  • To get onboard the fintech service, customers can dial *671# on any network to open a MoMo wallet with which they can send money to any phone number in the country and pay their bills as well.
  • Also, the MoMo wallet will enable Nigerians in the diaspora to send money to any phone number in the country, in the nearest future.
  • According to the company, this is an important feature given Nigeria’s ranking as the destination for the highest remittance inflow in Sub-Saharan Africa.
Previous Post

Yobe Lawmakers Speak On Move To Impeach Governor Buni

Next Post

Black Market Dollar To Naira Exchange Rate Today 20 May 2022

Justice Winner

Justice Winner

Justice Winner is a Veteran Nigerian Journalist With Expertise in Writing Nigeria News, Entertainment and Politics. He has a degree in Journalism/Mass Communication Studies. Justice is a dedicated and talented writer committed to producing high-quality content that is authoritative, informative, entertaining, and engaging. Connect with Him on Instagram , Facebook, Twitter, and LinkedIn.

Related Posts

Fuel Station Operators
Crime Watch

Tinubu Government Cautions Fuel Station Operators Against Pump Alteration

Africa Women’s Youth Handball Championship Semis
Headline

BREAKING: Egypt Defeats Nigeria In Africa Women’s Youth Handball Championship Semis

NLC
Headline

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

Next Post
Naira

Black Market Dollar To Naira Exchange Rate Today 20 May 2022

Trending Posts

Fuel Subsidy

BREAKING: FG Begins Payment of Fuel Subsidy, May Pay N1.68tn By December

Mohbad Autopsy

BREAKING: Police Conclude Mohbad Autopsy Process

Tinubu Chicago School Records

BREAKING: US Court Stops Release Of Tinubu Chicago School Records To Atiku

2023 Independence Day Celebration

FG Makes Important Announcement On 2023 Independence Day Celebration

All Progressives Congress Women Leader Is Dead

BREAKING: All Progressives Congress Women Leader Is Dead (PHOTO)

Tinubu

BREAKING: Tinubu Stops Chicago University From Releasing Academic Records To Atiku

NLC

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

Naira

Black Market Dollar To Naira Today, 22 September 2023 In Lagos & Abuja

EFCC

EFCC Declares Delta Brothers Wanted Over N330m Fraud

Naira

BREAKING: Naira Falls Massively Amid Forex Scarcity, See New Exchange Rate

ADVERTISEMENT

ABOUT US

NewsOnline Nigeria is Nigeria’s fastest growing trusted independent online newspaper covering Africa’s socio-economic issues, trades and investments; it provides informed perspectives on economic and political events in Nigeria and Africa at large.

Relevant Pages

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

Reach Us

6th Avenue, Festac Town, Lagos

+234 816 184 6326

[email protected]

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: [email protected]

Copyright © 2023 Newsonline Nigeria

No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

Copyright © 2023 Newsonline Nigeria