AZA Finance subsidiary bags Payments Service Provider licence in Nigeria

By Gloria Methri

BT Payment Services, a subsidiary of the global FinTech AZA Finance, has received a payments service provider (PSSP) licence from the Central Bank of Nigeria. It now offers Nigerian naira collections and payments to its customers in the Federal Republic of Nigeria.

BT Payment helps corporates, FinTechs, NGOs, and other organisations transact in Nigerian naira.

Previously offering its FinTech services through licensed Nigerian partners, now BT Payment can execute them directly, offering even faster and more affordable rates for its customers transacting in Nigeria.

“We have had the privilege of collaborating with many exceptional FinTechs in Nigeria over the years and are excited to join their ranks as a licenced payments service provider,” said Elizabeth Rossiello, CEO and founder of AZA Finance. “We are certain that this country and its currency will continue to be in demand worldwide as more organisations and enterprises expand to the continent. We look forward to being a part of that growth and deepening our presence and commitment to Nigeria.”

This licence is the latest of several to be granted to the AZA Finance group since its founding more than 11 years ago. It also marks the first of several expansionary announcements coming live by the end of 2024. Already this year, AZA Finance has strengthened its pan-African and global footprint by adding Egypt, Cameroon, Zambia, Brazil, and India to its supported markets.

These countries join Kenya, South Africa, Ghana, Senegal, Uganda, Botswana, Tanzania, Guinea, Morocco, New Zealand, China, Japan, Korea, the United States, Canada, the European Union, and the United Kingdom as available currencies and markets for the FinTech’s suite of services.