Afriset Fintech

Who can issue e-money in Nigeria?

As of 2026-07-02, 17 entities are on the official Central Bank of Nigeria register under the Nigeria licence category mapped to e-money issuance ("MOBILE MONEY OPERATOR LICENCE CATEGORY"). Only these categories may hold customer funds. The full, source-linked list is below.

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

MOBILE MONEY OPERATOR LICENCE CATEGORY Central Bank of Nigeria · 17 entities · as of 2026-07-02 (retrieved)

  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