Nigeria: Billionaire Adenuga’s Globacom launches commercial activities of its payment service bank

Mobile payments are growing in Nigeria. According to data from NIBSS, the value of transactions increased by 172.2% to N4.9 trillion in the first four months of 2022 from N1.8 trillion in the same period of 2021. Nigerian telecom operator Globacom, founded and owned by billionaire Mike Adenuga, has announced that MoneyMaster PSB, its payment services...

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