August 29, 2019 / 11:37 AM / 24 days ago

MTN launches money transfer service in Nigeria

LAGOS, Aug 29 (Reuters) - MTN Nigeria has launched a digital financial service to provide money transfers in Nigeria and said on Thursday that it plans to become a payment bank after it obtains approval from the central bank.

MTN Nigeria, majority owned by South Africa’s MTN Group , was awarded a licence by Nigeria’s central bank in July that would allow the telecoms firm to provide financial services. (Reporting by Chijioke Ohuocha; editing by Jason Neely)

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