More competition for Flutterwave, Interswith, others as CBN grants IMTO licence

  • Fincra declared that the Central Bank of Nigeria has granted it an International Money Transfer Operator license
  • This makes it possible for companies to provide cross-border payment services as part of their product lineup in the Nigerian market
  • The CBN underwent a thorough evaluation and approval process before granting this license

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Fincra announced that it has obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria (CBN), allowing the business to incorporate cross-border payment services into its product offerings in the Nigerian market.