Airtel launches Nigeria payment service bank unit SmartCash PSB

Airtel launches Nigeria payment service bank unit SmartCash PSB

Airtel Africa has teed off operation in its recently licensed Nigerian payment service bank unit SmartCash PSB, the wireless operator said in a note to the Nigerian Exchange on Thursday.

SmartCash PSB joins 9PSB, the payments subsidiary of telecom firm Etisalat, as the second telco-run PSB to launch in Africa’s largest economy,

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For a start, services will be offered at certain retail touchpoints before operations will be extended to other parts of Nigeria over the next few months.

“This is the beginning of our journey to revolutionise the financial services landscape in the country,” said Segun Ogunsanya, Airtel Africa’s chief.

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The move is “to help further digitise the economy, and most importantly to help bank the unbanked by reaching the millions of Nigerians who do not currently have access to financial services by delivering current and savings accounts, payment and remittance services, debit and prepayment cards and more sophisticated services,” Mr Ogunsanya added.

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