Airtel Africa subsidiary receives approval to operate as a super agent
Telecommunications provider Airtel Africa said on Monday that its Airtel Mobile Commerce Nigeria subsidiary had been granted approval in principle by the Central Bank of Nigeria to operate as a super agent across the country.
Airtel noted that its super agent licence was distinct from its payment service bank licence, which it received approval in principle for on 4 November, with the PSB licence being a requirement for it to be able to provide financial services in Nigeria.
The FTSE 250-listed firm stated that under the super agent licence, it would be able to create an agent network that can service the customers of licensed Nigerian banks, payment service banks and licensed mobile money operators in the African nation.
Airtel also highlighted that final approval of the super agent licence was subject to it satisfying "certain standard conditions".
As of 0900 GMT, Airtel Africa shares were up 2.30% at 137.80p.