Flutterwave, Others Get Rival as CBN Grants New Licence to Another Firm to Send Dollars to Nigerians [Video]

• Fincra declared that the Central Bank of Nigeria has granted it an International Money Transfer Operator license
• This makes it possible for companies to provide cross-border payment services as part of their product lineup in the Nigerian market
• The CBN underwent a thorough evaluation and approval process before granting this license

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Fincra announced that it has obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria (CBN), allowing the business to incorporate cross-border payment services into its product offerings in the Nigerian market.

The license was obtained after a rigorous review and approval process by the CBN according to a statement by the payment company.

Fincra proved throughout this process that it was dedicated to adhering …