Tag: Momo PSB
-
MOMO PSB: MTN’s Mobile Money Bank suffers N22B alleged fraud
Barely a month that it commenced operations, the newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB), a banking subsidiary of MTN Communications Limited. has suffered a massive fraud worth over N22 billion on its network. Court processes in a suit instituted by the Mobile Money Bank against 18 Banks revealed that an aggregate…
-
MTN gets approval from CBN to commence Momo PSB
we communicated receipt of the approval in principle from the CBN for Momo PSB