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Why Telecoms Can’t Guide Mobile Money -CBN

The Central Bank of Nigeria (CBN) has explained why it is unable to adopt a telco-led approach in the execution of mobile money services. CBN Governor Sanusi Lamido Sanusi said regulation of the telecoms sector was not within the bank’s control, making it difficult to guide mobile money operations under the telco-led model being advocated by telecoms […]

The Central Bank of Nigeria (CBN) has explained why it is unable to adopt a telco-led approach in the execution of mobile money services.

CBN Governor Sanusi Lamido Sanusi said regulation of the telecoms sector was not within the bank’s control, making it difficult to guide mobile money operations under the telco-led model being advocated by telecoms operators.

Why telecos can’t lead mobile money, by CBN

 





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