This article highlights, in a question-and-answer format, the purpose of International Money Transfer Operator (“IMTO”) licence for inbound cross-border payment services including the requirements, costs and procedures that a potential investor in the sub-sector in Nigeria will undertake in order to incorporate and get the licence for an IMTO company as well as the other post-incorporations registrations and approvals the company must get before commencing operations in Nigeria. What is an International Money Transfer Licence? The IMTO licence is required for the provision of inbound cross-border payment services from overseas to Nigerians and foreigners in Nigeria. In Nigeria, no person … Continue reading HOW TO GET AN INTERNATIONAL MONEY TRANSFER LICENCE IN NIGERIA