Telecommunications Companies now licensed to Start Selling Foreign Currencies
Telecommunications companies like MTN, Glo, and Airtel can now vend foreign currencies as the Central Bank of Nigeria( CBN) reveals guidelines for the supervision of Payment Service Banks( PSBs). MTN, Glo and Airtel have fanned into fiscal service requests through their accessories; MoMo Agent, SmartCash, and MoneyMaster, independently. Away from their regular service of acceptance of deposits from individualities and small businesses, the Payment Service Banks possessed by the telcos will accept inboundcross-border particular remittances. From the remittances, the central bank’s guidelines also empowers
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