FG Orders Deregulation of Airtime Credit Market to End Capital Flight
FG Orders Deregulation of Airtime Credit Market to End Capital Flight
.Directs FCCPC to liberalise airtime lending space to local fintechs, dismantle Optasia’s 12 year-monopoly
.Move may unlock over N3 trillion in annual revenues
James Emejo in Abuja
The federal government has backed regulatory efforts to open up the country’s airtime credit and data advance market to indigenous financial technology companies in a move to stem capital flight.
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