{"id":1054067,"date":"2022-04-12T16:36:26","date_gmt":"2022-04-12T16:36:26","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/12\/mtn-gets-banking-licence-in-nigeria\/"},"modified":"2022-04-12T16:36:26","modified_gmt":"2022-04-12T16:36:26","slug":"mtn-gets-banking-licence-in-nigeria","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/12\/mtn-gets-banking-licence-in-nigeria\/","title":{"rendered":"MTN gets banking licence in Nigeria"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"371\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/04\/mini_MTN-logo-696x371.jpg\"   alt=\"\" title=\"MTN-logo\"\/><\/div>\n<p>The Central Bank of Nigeria (CBN) has granted approval for the establishment of MTN\u2019s Mobile Money (MoMo) Payment Service Bank, MTN Nigeria announced on Monday.<\/p>\n<p>MTN in a statement said it had received a letter from the CBN granting approval to commence operations.<\/p>\n<p>The statement added that the date of commencement will be communicated to the CBN in accordance with requirements.<\/p>\n<p>\u201cWe refer to our notification issued on 5 November 2021 in which we communicated receipt of the approval in principle from the Central Bank of Nigeria (CBN) for Momo Payment Service Bank Limited (Momo PSB),\u201d the statement said.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>\u201cMTN Nigeria Communications Plc (MTN Nigeria) announces the receipt of a letter dated 8 April 2022 from the CBN addressed to Momo PSB conveying final approval to commence operations. The date of commencement will be communicated to the CBN in accordance with its requirements.<\/p>\n<p>\u201cMTN Nigeria affirms its commitment towards the financial inclusion agenda of the CBN and the Federal Republic of Nigeria and we are excited at this opportunity to support its fulfilment\u201d.<\/p>\n<p>Mobile money is an electronic service that enables users to send and receive money, make payments and perform other transactions using their mobile phones. The system is used across a number of MTN\u2019s African markets, including Zambia, Ghana, Cameroon and the Democratic Republic of Congo.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"5E9Ld-TjaaA\"><iframe loading=\"lazy\" title=\"Defective Vision: Malfunctioning of the Eye - Badwam Afisem on Adom TV (12-4-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/5E9Ld-TjaaA?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has granted approval for the establishment of MTN\u2019s Mobile Money (MoMo) Payment Service Bank, MTN Nigeria announced on Monday. MTN in a statement said it had received a letter from the CBN granting approval to commence operations. The statement added that the date of commencement will be communicated to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1054069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[2408,7406,415,633],"class_list":["post-1054067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banking","tag-licence","tag-mtn","tag-nigeria"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1054067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1054067"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1054067\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1054067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1054067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1054067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}