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Cashless: CBN to revoke 15 mobile money licences

Nigeria is a fascinating business school case study of the relationship between regulation and technology in payments. It ought to be a mobile payments powerhouse, but the regulatory strategy there has resulted in a plethora of subscale mobile money businesses.

Despite having 21 mobile money operators licensed by the CBN in the circulation, the volume of transaction on the payment platforms is still grossly low

From Cashless: CBN to revoke 15 mobile money licences

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