News

CBN, Banks, MMOs Roll Out Agent Network for Financial Inclusion

The Central Bank of Nigeria (CBN), Deposit Money Banks (DMB), and licensed Mobile Money Operators (MMOs) and Super Agents have reached agreement to fund an initiative-Shared Agent Network Expansion (SANE).

The move, aimed at deepening financial inclusion in
 Nigeria, entails an aggressive rollout of 500,000 agent network that would offer basic financial services like cash-in, cash-out, funds transfer, bill payments, airtime purchase and government disbursements.