MTN Nigeria to obtain two additional payment licences for MoMo PSB
- MTN Nigeria applied for PSSP and PTSP licenses for MoMo PSB.
- PSSP license allows MoMo PSB to offer payment processing gateways.
- PTSP license enables deployment and servicing of POS terminals.
MTN's strategic move to enhance its fintech capabilities through the acquisition of PSSP and PTSP licenses indicates a strong commitment to digital transformation in Nigeria's financial landscape. This could potentially disrupt the market and foster competition, benefiting consumers with more options and better services.
