Licensed Payments Service Providers in Nigeria

The Central Bank of Nigeria (CBN) regulates the payment industry in Nigeria.

The CBN has four license categories as follows:

1. Card/Payment Schemes.

2. Mobile Money Operator Licence Category.

3. Switching & Processing Licence Category.

4. Payment Solution Services Licence (PSS) Category.

   1. Payment Solution Service Provider (PSSP) Authorisation,

   2. Payment Terminal Services Provider (PTSP) Authorisation,

   3. Super-Agent Authorisation, and

   4. Payments Service Holding Category.

The licensed payment service providers under the different categories as of August 2023 are as follows:

Card/ Payment Schemes

1. 3Line Card Management Limited

2. Afrigo Financial Services Limited

3. American Express International

4. Mastercard International

5. Payattitude

6. Unionpay International

7. Verve International

8. Visa International Service Association

Mobile Money Operator Licence Category

1. Abeg Technologies Limited

2. Chams Mobile

3. eTranzact International Limited

4. Fortis Mobile Money Limited

5. Funds And Electronic Transfer (FETS) Limited

6. Hedonmark Management Services Limited

7. KongaPay Technologies Limited (Formerly Zinternet Limited )

8. Mkudi Limited

9. NowNow Digital Systems Limited (Formerly Contec Global Infotech Limited)

10. Opay Digital Services Limited (Formerly Paycom Nigeria Limited)

11. Pagatech Limited

12. PalmPay Limited

13. Parkway Projects Limited

14. Teasy International Company Ltd

15. Visual ICT Limited

16. VTNetwork Limited

17. Xpress MTS Limited

Switching & Processing Licence Category

1. Appzone Limited

2. Arca Payments Company Limited

3. Chamswitch Limited

4. Coralpay Technology Nigeria Limited

5. eTranzact International Limited

6. Flutterwave Technology Solutions Limited

7. Habaripay Limited

8. Hydrogen Payment Services Limited

9. Interswitch Limited

10. Network International

11. Paystack Payment Limited

12. Remita Payment Service Limited

13. Teamapt Limited

14. Terra Switching & Processing Company Limited

15. Unified Payment Services Limited

16. Xpress Payments Solution Limited

Payment Solution Service Provider (PSSP) Authorisation

1. Afara Partners Limited

2. Angala Financial Technologies Limited

3. Appmart Integrated Limited

4. Appzone Limited

5. Artha Fintech Limited

6. Betastack Technology Limited

7. Bud Infrastructure Limited

8. Callphone Limited

9. Capricorn Digital Limited

10. CBI Technologies Ltd

11. Cellulant Nigeria Limited

12. Centric Gateway Limited

13. Ceviant Payments Nigeria Limited

14. Clane Company Nig. Ltd

15. Cyberspace Limited

16. Demerge Nigeria Limited

17. Dot Financial Inclusion Technologies Limited

18. Easypay International Limited

19. Egole Pay Limited

20. Ercas Integrated Solutions Limited

21. E-Settlement Limited

22. Eyowo Integrated Payments Limited

23. Fincra Technologies Limited

24. Flutterwave Technology Solutions Limited

25. Fountain Payment Systems Solution

26. Gemspay Limited

27. Global Accelerex Limited

28. Gpay Instant Solution Limited

29. GTP Client Services Limited

30. Hellopay Africa Integrated Service Ltd

31. ICAD Concord Limited

32. Infiniti Segments Limited

33. Irecharge Technology Innovations Limited

34. Irofit Technologies LimitedD

35. Itex Integrated Services Limited

36. Konetpay Nigeria Limited

37. Kora Payments

38. Leadremit Limited

39. Moneta Technology Ltd

40. Multigate Payment Limited

41. Netapps Technologies Limited

42. Netplusdotcom Nigeria Limited

43. Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited)

44. One Payment Limited

45. Onepipe.Io Services Ltd

46. Parkway Projects Limited

47. Payfixy Nigeria Limited (Formerly Innovate 1 Pay Limited)

48. Paylode Services Limited

49. Paysure Technologies Limited

50. Payu Payments Nigeria Limited

51. Pethahiah Rehoboth International Limited

52. Prophius Limited

53. Qrios Networks Limited

54. Redtech Limited

55. Resident Fintech Limited

56. Rexel Limited

57. Routepay Fintech Limited

58. Saanapay Corporate Investments Management Limited (SAANACORP)

59. Shago Payments Ltd

60. Simplify International Synergy Limited

61. Soft Alliance & Resources Limited

62. Spay Business Solutions Limited

63. Spout Payment Solutions

64. Stanbic Financial Services Limited

65. Swift Link-NZ Global Services Ltd

66. Teinnovate Capital Limited

67. Unlimint Nigeria Ltd

68. Upperlink Limited

69. Vas2net Technologies Ltd

70. Venture Garden Nigeria Limited

71. Vestrapay Nigeria Limited

72. Voguepay Web Solution Limited

73. Waxed Mobile Nigeria Ltd

74. Waya Multilinks Technologies Limited

75. Woven Finance Limited

Payment Terminal Services Provider (PTSP) Authorisation

1. 3Line Card Management Limited

2. Appmart Integrated Limited

3. Betastack Technology Limited

4. Capricorn Digital Limited

5. CBI Technologies Ltd

6. Clane Company Nig. Ltd

7. Dot Financial Inclusion Technologies Limited

8. Egole Pay Limited

9. Fidesic Nigeria Limited

10. Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited)

11. Onecard Topup Services Limited

12. Reedpriceman Technologies Limited

13. Shago Payments Ltd

14. Spout Payment Solutions

15. Swift Link-NZ Global Services Ltd

16. Waxed Mobile Nigeria Ltd

17. Netplusdotcom Nigeria Ltd

18. Wi-Pay

19. Bizzdesk Global Solutions Limited

20. Citiserve Limited

21. Computer Warehouse Group

22. Etop Nigeria Limited

23. Fidesic Nigeria Limited

24. Global Accelerex Limited

25. Intellifin Solution Limited

26. Netop Business Systems Limited

27. Soti Investments Limited

28. Prophius Limited

29. C24 Limited

30. Callphone Limited

31. Cyberspace Limited

32. Karrabo Financial Solutions Limited

33. 3Gee Pay Limited

34. Konetpay Nigeria Limited

35. Itex Integrated Services Limited

36. Funds and Electronic Transfer (FETs) Limited

Super-Agent Authorisation

1. 3Line Card Management

2. 5554 Technologies Limited

3. Accelerex Networks Limited

4. Africa Mama Atm Limited

5. Africave Technologies Limited

6. Airtel Mobile Commerce Nigeria Limited (Airtel)

7. Allstream Information Technology Solutions Limited

8. Angala Financial Technologies Limited

9. Appmart Integrated Limited

10. ATN Wayya Limited

11. Betastack Technology Limited

12. C24 Limited

13. Callphone Limited

14. Capricorn Digital Limited

15. CBI Technologies Ltd

16. Cicoserve Payments Limited

17. Citiserve Limited

18. Clane Company Nig. Ltd

19. Connectpoint Technology Solutions Limited

20. Crowd Force Limited (Formerly Mobile Forms Limited)

21. Dot Financial Inclusion Technologies Limited

22. Egole Pay Limited

23. Errand P Limited

24. E-Settlement Limited

25. Fountain Payment Systems Solution

26. Fucil Datatech Limited

27. Gwills Payments Service Limited

28. Infibranches Technology Limited

29. Innovectives Limited

30. Interswitch Financial Inclusion Services Limited

31. Irofit Technologies Limited

32. Itex Integrated Services Limited

33. Kadick Integrated Limited

34. Lukeport Nigeria Limited

35. Microsystems Investment And Development Limited

36. Moneymaster Limited

37. Nigerian Postal Service (NIPOST)

38. Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited)

39. Paycluster Technology Limited

40. Paygo Limited

41. Shago Payments Ltd

42. Spout Payment Solutions

43. Swift Link-Nz Global Services Ltd

44. Traction Payments Ltd

45. Vatebra Pay Limited

46. Waxed Mobile Nigeria Ltd

47. Y'ello Digital Financial Services

Payments Service Holding Category

1. Interswitch PSHC Nigeria Limited

Lastly, following the implementation of Cheque Truncation, there is only one (1) Clearing House in Nigeria, which is the Nigeria Inter-Bank Clearing and Settlement System (NIBSS).

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Source: Central Bank of Nigeria. https://www.cbn.gov.ng/Paymentsystem/PSPs.asp