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Interswitch seeks PSB license following merger with M-Kudi

Interswitch seeks PSB license following merger with M-Kudi

Interswitch, the Visa-backed Nigerian payments giant, has merged with M-Kudi, a mobile money provider, as it seeks a payment service bank (PSB) license from the Central Bank. The merger, subject to regulatory approval, will allow Interswitch to create accounts and hold customer deposits, making it the first time the fintech would offer non-payment services. This follows…

The post Interswitch seeks PSB license following merger with M-Kudi appeared first on Content Krush.

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