List of CBN Licensed Mobile Money Operators in Nigeria

The following is a List of CBN Licensed Mobile Money Operators in Nigeria.
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PAGA MOBILE
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FIRST BANK’S FIRSTMONIE
First Bank’s Firstmonie, often known as Firstmonie, is a mobile money payment service owned by First Bank of Nigeria. It was dedicated on September 19th, 2013. Firstmonie users and subscribers can utilise their mobile phones to make transactions, pay bills, and buy online. Celpay in Zambia is powering it, in conjunction with Fundamo, a Visa group credited for launching the world’s first mobile banking service in emerging nations.
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MTN’S MOMO
MTN’s MoMo service went live on September 19, 2019. MTN Telecommunication designed and introduced it as a mobile payment outlet. MoMo was derived from Mobile Money. It allows its customers and users to transfer, receive, and save money using their mobile phones. Momo also allows its users to pay a variety of bills. MoMo can also be used to shop online. MoMo might also be used to buy data and airtime. Unlike normal banks in Nigeria, MTN Mobile Money Nigeria does not impose additional fees for most transactions.
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KUDI MOBILE
Pelumi Aboluwarin and Yinka Adewale founded Kudi Mobile in 2016. It is one of Nigeria’s most prominent mobile money operators. People can use their mobile phones to perform cash transactions and pay bills using the Kudi mobile app. People can also generate money online by becoming Kudi Agents. Kudi Agents use mobile phones and POS to assist customers with cash transfers, withdrawals, and other transactions.
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OPAY (PAYCOM NIGERIA LIMITED)
In 2018, the Opera Group, one of Nigeria’s most popular browsers, launched OPay. OPay enables consumers to use their mobile phones to send, save, and receive money, as well as conduct other cash activities. OPay and WorldRemit announced a collaboration to allow Nigerians to receive money from nations such as the United States. OPay also allows users to generate actual money online by becoming OPay Agents.
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POLARIS SUREPADI
Polaris SurePadi is Polaris Bank Limited’s mobile money service. It will be dedicated in 2020. SurePadi’s mission is to make banking processes more comfortable and simple. It aids its users and subscribers with cash deposits, account opening, cash withdrawals, BVN enrollment, bill payment, and data and airtime purchases. It also offers a wide range of excellent services.
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PALMPAY
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QIKQIK
QikQik (Quickteller) is a licenced electronic money operator in Nigeria. It was launched in 2012 by Unity Bank and is powered by Eartholeum Networks. QikQik allows its users and subscribers to undertake services such as cash transfer, bill payment, and airtime and data purchasing. QikQik also allowed users to shop, apply for loans, book flights, and purchase event tickets.
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POCKETMONIE
PocketMonie was founded in 2010. Users and subscribers can utilise this site to pay bills, buy airtime and data, and send and receive money. It also allows its users to conduct a wide range of online monetary transactions. In 2018, PocketMonie was named Mobile Operator of the Year. PocketMonie also offers agents who help customers conduct quick online cash transactions.
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U-MO
UBA introduced U-Mo in collaboration with AfriPay in 2011. It was Nigeria’s first mobile money service. U-Mo offers three types of accounts: U-Mo Gold, U-Mo Silver, and U-Mo Platinum. It is a platform that allows its users to conduct a variety of monetary transactions using their mobile phones.
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EAZYMONEY
EazyMoney allows its users to send and receive money using their mobile phones via the EazyMoney mobile app. Zenith Bank operates EazyMonie. Its goal is to provide alternative banking solutions to people who do not have access to banks. EazyMoney also enables its users to do a variety of monetary transactions, such as utility bill payments.
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GOOGLE WALLET
Google Wallet is a mobile payment system that was created by Google. Google Wallet users can use their mobile phones to make cash payments and transfer money. It provides its users with a free service.
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GTBANK MOBILE MONEY
GTbank owns GTbank Mobile Money. It allows its customers to conduct a wide range of online cash transactions such as utility bill payments, data and airtime purchases, money sending and receiving, and many other operations.
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STANBIC IBTC MOBILE MONEY
IBTC Stanbic Stanbic IBTC powered Mobile Money. It enables its customers to do online banking transactions such as sending and receiving money, as well as paying utility bills such as DSTV and GoTV subscriptions. It also alleviates the stress of having to go to the bank.
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ECOBANK MOBILE MONEY
Ecobank Mobile Money was introduced by Ecobank. It allows its users to conduct a wide range of cash transactions without having to visit a bank by using mobile phones. One could pay utility bills, buy airtime and data, send and receive money, and engage in other online activities.