Muva Networks secures Nigerian IMTO remittance licence after $200M processed
Muva Networks, founded by the entrepreneur known as Ajebutter, has secured a Nigerian International Money Transfer Operator licence having already processed $200 million in remittance volume. The licence formalises Muva as a regulated player in Nigeria's remittance market, which is experiencing growing competition from new entrants.
A new regulated remittance entrant, Muva Networks, has secured an IMTO licence, increasing competitive pressure in the Nigeria corridor alongside Monzo and others.
Story timeline · 3 days
- Jul 1, 20267· this storyMuva Networks secures Nigerian IMTO remittance licence after $200M processed
A new regulated remittance entrant, Muva Networks, has secured an IMTO licence, increasing competitive pressure in the Nigeria corridor alongside Monzo and others.
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