Airtel Africa PLC Super agent licence in Nigeria (3085S)
November 15 2021 - 1:00AM
UK Regulatory
TIDMAAF
RNS Number : 3085S
Airtel Africa PLC
15 November 2021
Airtel Africa plc
('Airtel Africa', or the 'Group')
Approval in principle for super agent licence in Nigeria
London and Lagos, 15 November 2021: Airtel Africa, a leading
provider of telecommunications and mobile money services, with a
presence in 14 countries across Africa, today announces that its
subsidiary Airtel Mobile Commerce Nigeria Ltd has been granted
approval in principle by the Central Bank of Nigeria to operate as
a super agent in Nigeria.
The super agent licence is distinct from the Payment Service
Bank ('PSB') licence, for which we received approval in principle
on 4 November 2021. The PSB licence is required for Airtel to be
able to provide financial services in Nigeria such as accepting
cash deposits and carrying out payments and remittances, issuing
debit and prepaid cards, operating electronic wallet and rendering
other financial services.
Under the super agent licence we would be able to create an
agent network that can service the customers of licensed Nigerian
banks, Payment service banks and licenced mobile money operators in
Nigeria.
Final approval of the super agent licence is subject to the
Group satisfying certain standard conditions.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Bertie Berger
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services, both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
For more information visit www.airtel.africa
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