Checkout The 17 Companies Licensed By Cbn As Mobile Money Operators In Nigeria - Legitvibes Guide

The Central Bank of Nigeria (CBN) has officially licensed to operate as mobile money operators (MMOs). This regulatory approval ensures that these "neo-banks" are secure and that customer funds are protected and insured by the Nigeria Deposit Insurance Corporation (NDIC) . Key CBN-Licensed Mobile Money Operators

One of the most prominent players, formerly known as Paycom Nigeria Limited.

According to the latest Payment System Provider data from the CBN, the following companies hold active licenses: The Central Bank of Nigeria (CBN) has officially

A leading fintech providing widespread mobile payment services.

A long-standing provider licensed since 2011. Other Licensed Operators include: Chams Mobile Fortis Mobile Money Hedonmark Management Services Parkway Projects Limited Teasy International Visual ICT Limited VTNetwork Limited Xpress MTS Limited Important Note on Super-Agents According to the latest Payment System Provider data

A premier multi-channel payment processing company.

Formerly known as Contec Global Infotech. Formerly known as Contec Global Infotech

One of the earliest licensed MMOs in the country.