Airtel Africa PLC Nigeria PSB Full Licence Approval (8796J)
29 April 2022 - 7:40PM
UK Regulatory
TIDMAAF
RNS Number : 8796J
Airtel Africa PLC
29 April 2022
Airtel Africa plc
('Airtel Africa', or the 'Group')
Nigeria PSB Full Licence Approval
London and Lagos, 29 April 2022: Airtel Africa, a leading
provider of telecommunications and mobile money services, with a
presence in 14 countries across Africa, today announces that the
Central Bank of Nigeria ('CBN') has confirmed that its subsidiary,
SMARTCASH Payment Service Bank limited ('Smartcash'), has now
received final approval from the Central Bank of Nigeria for a full
Payment Service Bank ('PSB') licence, affording the Group the
opportunity to deliver a full suite of mobile money services into
Nigeria.
More details regarding the commencement of operations will be
presented with our full year results announcement in May 2022.
Segun Ogunsanya, CEO, Airtel Africa, said:
"I am very pleased that Smartcash has been granted approval for
a full PSB licence to operate a service bank business in Nigeria
and we are now working towards commencement of business . This
licence enables us to expand our digital financial products and
reach the millions of Nigerians that do not currently have access
to traditional financial services. We are delighted to be able to
pursue our shared agenda with the Nigerian Government, the CBN and
traditional financial institutions to further deepen financial
inclusion in the country for the benefit of all citizens and the
Nigerian economy."
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
www.airtel.africa
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