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

One of the earliest licensed MMOs in the country.

Issued a license in 2022 to transition into a social commerce platform.

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 One of the earliest licensed MMOs in the country

A leading fintech providing widespread mobile payment services.

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 Other Licensed Operators include: Chams Mobile Fortis Mobile

Formerly known as Contec Global Infotech.

One of the most prominent players, formerly known as Paycom Nigeria Limited. Key CBN-Licensed Mobile Money Operators Formerly known as

The financial arm of the Konga e-commerce group.