Fincra receives commercial licence from CBN to operate as a Payment Service Solution Provider
Fincra has received its commercial Payment Service Solution Provider (PSSP) licence from the Central Bank of Nigeria (CBN). The CBN first granted Fincra an Approval- in- Principle (AIP) to test its intended payment solutions for businesses before we received this full commercial licence, a significant milestone for the company.
Fincra CEO Wole Ayodele said, “we are thrilled to have received this license from the Central Bank. This license is a huge step forward for us, and it opens up many new opportunities for growth and expansion for our customers and us.”
Headquartered in Toronto but focused on African markets and with offices in Lagos, Fincra offers a range of payment solutions for businesses, helping them to send and receive both domestic and international transactions via online and offline channels. Fincra provides payment solutions for businesses, large corporations, fintechs, and everything in between to aid them with offline and online transactions.
Fincra Pay-in products include payment gateways for businesses across industries to collect payments online. The company also provide the infrastructure for businesses to seamlessly receive and manage offline payments. Fincra also has Pay-Out, which helps businesses with local payments within Nigeria.