Nigeria will Implement Mobile Banking Services Next Year

Photo from Vanguard

It is reported that MTN Group plans to implement mobile banking services in Nigeria.

Federal government announced last month that it would allow telecom companies to provide banking services

It aims to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.

MTN runs Nigeria's biggest mobile phone network serving 56 million people.

According to Rob Shuter's conference in Cape Town, he believes that if goes well, they will apply for a Nigerian payment service banking license next month, and  will also launch mobile money in Nigeria in the second quarter of 2019.

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