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

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

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 A long-standing provider licensed since 2011

The financial arm of the Konga e-commerce group. A long-standing provider licensed since 2011

Recently merged with MMO license holder Mkudi Limited. A long-standing provider licensed since 2011

A leading fintech providing widespread mobile payment services.

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