Airtel Commences Financial Operations, Activates Smartcash Payment Service Bank in Nigeria

Airtel has announced that it has officially commenced the operation of its Financial Technology (Fintech) subsidiary, Smartcash Payment Service Bank in Nigeria. 

While reassuring its commitment to providing financial solutions to Nigerians, Airtel Africa said the new payment solution will start gradually and subsequently expand to other parts of the country. 

Investors King recalls that in November last year, Airtel received approval in principle from the Central bank of Nigeria to operate the subsidiary payment service in Nigeria. 

In an official statement made available to Investors King  and signed by the Airtel Group Secretary, Simon O’Hara, the company noted that SmartCash Payment Service Bank Limited (‘SmartCash PSB’) Services will initially be available at selected retail touchpoints, and operations will be expanded gradually across the country over the next few months. 

“I am very excited to announce our commencement of operations for financial services in Nigeria through SmartCash PSB. This is the beginning of our journey to revolutionise the financial services landscape in the country.

“To help further digitise the economy, and most importantly to help bank the unbanked by reaching the millions of Nigerians who do not currently have access to financial services by delivering current and savings accounts, payment and remittance services, debit and prepayment cards and more sophisticated services”, Airtel Group Chief Executive Officer, Segun Ogunsanya said.

Airtel Africa is a leading provider of telecommunications and mobile money services, in 14 countries across Africa, today announces that its subsidiary has commenced operations in Nigeria.