A Fintech Company, Connect Point Technology Solutions Limited, has obtained regulatory approval to perform a Payment Solutions Service licence class.
The company stated in a letter dated April 25, 2022 and signed by the Director, Payments System Management Department, the Central Bank of Nigeria, had granted an approval-in-precept permitting the company to perform a PSS license class as a super-agent in Nigeria.
It stated, “The Company recognizes that this isthe first stepin thesystemin the direction of the issuance of a final approval, subject to the fulfilment of conditions stipulated by CBN in the letter. “Recognising that it isin the rights of CBN to issue the very last approval, Connect Point would focus on making sure that its activities meet the stipulated situations for that very last approval.
“Connect Point Technology Solutions has a task of leveraging technology in supplying reliable payment services through agent banking and retail solutions while meeting the need of each customer. Its products are designed to promote economic inclusion in Nigeria and across Africa.”