Telecoms firm, MTN has received final approval from Nigerian regulators to run the Mobile Money Payment Service Bank licence in Nigeria.The mobile operator announced on Monday that it has been given permission to operate the bank by the Central Bank of Nigeria , and it will soon offer financial services in accordance with the licence requirements.
MTN Nigeria and Airtel Africa, who got approvals in principle last November to operate in the same space, will tap Nigeria’s unbanked adult population of 38 million people, who according to Abuja-based media research house and data analytics firm, had N26.2 trillion last year alone, a move that will pit both telcos against traditional banks in getting a slice of the market.
Nigeria a very FERTILE SOIL for foreigners!!!
Another medium for money laundering !!!!
So MTN don chop our money bellefood, so tey nah to dey keep dey want to be doing now.
$tel
This is unnecessary. The banking system in Nigeria is already effective. Better than what MTN does with momo in Ghana. I don't know what they're coming to do sincerely 🌚
Mobile money work every where,,,, even in Cote ivoire Abidjan
Why banking
Well, a means to carry money out of Nigeria illegally.
More problems for the Nigerian banking system, we go soon stop to use bank sha
Finally we are going cashless
Congratulations MTN. MTNNG
Mtn momo has been in use in GH and SA for many years, nothing spectacular about.
To finally pack all your money to South Africa 🚌🚌🚌🚌🚌🚌🚌🚌🚌🚌🚌🚌
In Benin 🇧🇯, your sim number is your bank account, no ATM, but you will withdraw money from local shops, even people who sell yam, will give you the cash you need. But with corruption on NIGERIA MTN, I weep for people's money.
Game on
This is against NCC Act, BOFIA and CBN Act. What do I know? In Nigeria anything is possible.
The banking system go hear am
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😂😂
I thought the debtor-Buhari government once Lai that this the same MTN and Shoprite would leave Nigeria ni?
Look inward it is fulani company. South is sleeping while these people have taken over everything in Nigeria. Haven't asked yourself why that tribalistic moron will boast about declaration of northern country if any party gives Igbo man Presidential ticket.. Nig is gone.
It’s going to be called mobile money. Replica of pos but this one no cards is needed. Just from your phone mobile money wallet you can withdraw from their agents and so many other payments services
Being a fool does not necessarily mean the person will be senseless n poor, being a fool can be when a person is not telling him or herself the truth.Soludo stop listening to fulani and make a name for urself. Do not allow fulani ppl to destroy u Soludo.
I can imagine the kind of bank
The way dem go hack their accounts ehn
so MTN wanted to be helping nigerians to efficiently remove their alert sms charges, card maintenance charges, complaint charges.....
I feel this MTN banking will be easy for the police to extort!!
Mtn mobile number services is a welcome development only if it comes to stay.
MTN knows what the future holds.
Yyahhhh good news
Hmmmm
Is this not xenophobic south African company that the zoo is giving such opportunity despite what they do to Nigerians in their home
This is a vote for the economy of Nigeria. This is a testimony that our economy is strong, enduring and full of confidence. It's sad that it's foreigners that always see our potentials and have confidence in us and our country.
Imagine the number of people wey them don settle to get this thing rolling 🤣🤣🤣😂😂😂. MTN get funds Abeg Lol
Theives
🧑🏽🍳This is a good move by them. Let’s see what impacts this has in improving financial activities for the masses. They should also be a role model when it comes to internet speed and data packages. Right now there’s a lot lacking on this front.
Alright
Get improvement
Already been done in Ghana ,most west Africa country