Callphone Limited, a premier financial technology brand in Nigeria, has been granted the final approval license to operate under the Payment Solution Service (PSS) license category as a PSSP/PTSP/Super-Agent in Nigeria. This final license approval dated 25th of April 2022 came approximately 5 months after the company was given Approval-in-Principle (AiP) back in November 2021.

The company’s licenses include the Nigerian Communications Commissions’ (NCC) Value Added Services Licence, which empowers them to provide value-added services using shortcode numbers with the allocation of USSD *174#.

The company is also in an SLA with all the Mobile Network Operators (MNOs) that grants them direct connectivity to all Nigerian MNOs as an aggregator. Callphone Limited has the NCC Sales & Installation Licence and the Payment Card Industry Data Security Standard (PCI DSS) Certification. They are duly certified by the Nigeria Inter-Bank Settlement System Plc (NIBSS).

Speaking, the company, MD/CEO, Precious Chiedozie Ekezie, said: ‘I am delighted to announce our acquisition of the final PSS license. With this, we become the pioneer of this license categorization after meeting all mandatory requirements including escrowing the minimum capital requirement of N250 million to CBN as one of the licensing prerequisites.

We were able to achieve this through the continuous support of the company board, dedicated management team, and wonderful staff that aligns with the mission, vision, and commitment to the company’s growth.’

Also, the chairman of the company Nze Chidi Duru believes that this current milestone marks the next step in the company’s journey of providing seamless financial transactions to customers, partnering with more growth-focused brands, and intensifying its position as the foremost payment solution service provider in Nigeria.


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