Page 60 - UUBO Deal Academy 2020 - Materials

CBN Licences for Fintechs

• PSP Licence:

➢ Super Licence – Switching, PSSP, PTSP, Non-bank Merchant
Acquirer and Super Agent

➢ Standard Licence - MMO, Super Agent, Non bank Merchant

Acquirer

➢ Basic Licence – Super Agent, PSSP and PTSP

• Payment Service Bank Licence (eligible promoters are Telcos,

banking agents, retail chains, postal services, courier, MMOs,
Fintech Financial Holdcos etc.

• International Money Transfer Operator Licence

• Microfinance Bank Licence (Four categories – National, State, Unit I

and Unit II)

• Finance Company Licence

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