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Africa
Nigeria
The CBN licenses mobile money, switching, processing and payment service banks separately.
5 licences · 4 institutions
Regulator sites
Licence types
5What the regime looks like
- Mobile Money OperatorMMOCBN licence to issue e-money and operate wallets — the core mobile money licence.E-money & stored valueOfficial source
- Payment Solution Service ProviderPSSPCBN licence for payment processing, gateways and merchant aggregation.Payment institution / PSPOfficial source
- Switching & processing licenceSwitchingLicence to operate card switching and transaction processing infrastructure.Cards, issuing & clearingOfficial source
- Payment Service BankPSBA restricted banking licence for deposits and payments aimed at financial inclusion.Banking & deposit-takingOfficial source
- Super Agent licenceSuper AgentLicence for agent networks that extend cash-in, cash-out and bill payments.Money transfer & remittanceOfficial source
A hand-picked sample for orientation — not the full register.
- dLocalCross-border payments for global merchants in emerging markets, licensed locally.IPPSPMMOPSSPLicensed inUruguayBrazilMexicoArgentinaColombiaChilePeruNigeriaSouth AfricaIndia
- FlutterwaveAfrican payments infrastructure with licences across the continent and in the UK/US.PSSPMMOPSPEMIMSBLicensed inNigeriaKenyaGhanaSouth AfricaEgyptUnited KingdomUnited StatesCanada
- OPayNigerian and Egyptian wallet and payments group.MMOPSSPPSBLicensed inNigeriaEgypt
- PaystackMerchant payments across West and East Africa, owned by Stripe.PSSPPSPMMOLicensed inNigeriaGhanaKenyaSouth Africa
Region
A curated reference, not legal advice and not exhaustive. Confirm the scope of any licence with its regulator before relying on it.