Africhange's Currenzo gets IMTO licence from CBN to ease remittances for Nigerians
- CBN grants IMTO licence to Currenzo, enabling direct remittance processing.
- Africhange can now offer faster services and better rates for remittances.
- Currenzo partners with three Nigerian banks for streamlined payment processes.
The granting of the IMTO licence to Currenzo represents a significant advancement in the Nigerian remittance landscape, potentially enhancing the financial inclusion of the diaspora. However, the sustainability of these services and their impact on local economies will require ongoing regulatory support and innovation.
