1. What is a Super-Agent Company? Super-Agents are Fintech companies with the lowest capital requirement threshold (being N50 Million) in the payment ecosystem in Nigeria. A super-agent company is a business incorporated in Nigeria and licensed by the Central Bank of Nigeria (“CBN”) to undertake agency banking. Agency banking is a type of financial service on behalf of banks to unbanked communities or population in order to increase financial inclusion to those who would have been otherwise unable to benefit such financial services under formal banking system. A Super-Agent company is required to be registered with the Corporate Affairs Commission … Continue reading AGENCY BANKING LICENCE: REQUIREMENTS, COSTS & TIMELINE FOR PROCESSING