Afriset Fintech

Who can issue e-money in Nigeria?

17 entities are on the official Central Bank of Nigeria register under the Nigeria licence category this dataset maps to e-money issuance ("Mobile Money Operator Licence Category") — issuing stored value and holding the customer float under that licence. Other institutions (e.g. licensed banks) may hold customer funds under separate authority. The full, source-linked list is below.

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-24 · unchanged since the previous check.

“E-money issuance” here is the normalized activity: Issue stored-value / electronic money redeemable at par and hold the customer float. The category of licence that lets a provider keep customers' money.

Activity id (as used by the Afriset MCP): fintech:EMONEY_ISSUE

Mobile Money Operator Licence Category

Central Bank of Nigeria · 17 entities · source not dated
  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
  8. Mkudi Limited
  9. NowNow Digital Systems Limited
  10. Opay Digital Services 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

Source: Central Bank of Nigeria

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