Nigeria’s 2 million banking agents must choose between Moniepoint, Opay, PalmPay by April 2026
If you are one of Nigeria’s two million banking agents holding on to a Moniepoint, OPay, or PalmPay POS terminals, it might be time to return at least two. From April 1, 2026, Point of Sale agents must be exclusive to one principal,i.e., banks, mobile money operators, microfinance banks, and payment service banks, as part of the Central Bank of Nigeria’s (CBN) new agent banking rules.
https://techcabal.com/2025/10/07/cbn-bans-agents-owning-multiple-moniepoint-opay-palmpay-terminals/' target='_blank'>Read Full Story
Nigeria’s 2 million banking agents must choose between Moniepoint, Opay, PalmPay by April 2026
If you are one of Nigeria’s two million banking agents holding on to a Moniepoint, OPay, or PalmPay POS terminals, it might be time to return at least two. From April 1, 2026, Point of Sale agents must be exclusive to one principal,i.e., banks, mobile money operators, microfinance banks, and payment service banks, as part of the Central Bank of Nigeria’s (CBN) new agent banking rules.
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