Number of licensed mobile money operators (MMOs) in Nigeria from 2016 to 2019

In 2019, there were ** licensed mobile money operators in Nigeria, one more compared to the previous years. Mobile money allows you to receive, store, and spend money using a mobile phone. This service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar. Nigeria had around ** million mobile money customers in 2019. The number of users of this service has experienced an increase in the last years.