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ARTICLE · 27 FEBRUARY 2025

How To Apply For A Fintech Switching And Processing License In Nigeria

Adeola Oyinlade & Co
Adeola Oyinlade & Co
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Fintech are computer programs and other technology used to support or enable banking and financial services.

NigeriaTechnology
Deborah Ogedengbe
Deborah Ogedengbe
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Introduction

Fintech are computer programs and other technology used to support or enable banking and financial services. A fintech license is essential for establishing a compliant payment processing and routing business in Nigeria, granting authority to facilitate interbank transactions, electronic payments, and broader financial service offerings. In order to apply for a Fintech Switching and Processing License in Nigeria, you'll need to meet the requirements set by the Central Bank of Nigeria (CBN).

While it is important to state that there are various types of Fintech License available. This article will focus on how to obtain a switching and processing License

Switching and Processing License

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