Nigeria Approves Three New 'Payment Service Banks'

18 September 2019

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country.

The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service Banks, are Hope PSB, Money Master PSB and 9PSB.

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