ITEX Receives CBN Licence to Operate as Super Agent

Must Read

TAJBank Launches Nigeria’s 2nd Non-Interest Financial Institution (Photos)

Abuja Nigeria   December 2nd 2019, TAJBank, Nigeria’s second Non –Interest financial institution, has announced the launch of its services...

Here are the world’s most popular city destinations in 2019

Euromonitor International recently released the “Top 100 City Destinations 2019” ranking report, covering the world’s leading cities ranked by...

THE BENEFITS OF REAL ESTATE: Why Youths Should Begin Investing More

Real estate includes land and anything fixed, immovable, or permanently attached to it such as buildings, fences, appurtenances, fixtures,...
- Advertisement -
- Advertisement -

Lagos, Nigeria, September 2019: Itex Integrated Services Ltd, an innovative Fin-Tech Company that deploys secure solutions to diverse customers, has been granted the licence to operate as a commercial Super Agent in the nation’s financial services by the Central Bank of Nigeria (CBN).

ITEX Receives CBN Licence to Operate as Super Agent

The licence will enable Itex to provide basic financial services such as account opening, BVN capture, funds transfer, cash withdrawals, bill payments to the unbanked, particularly in rural areas. The licence will also enable the Company to recruit more agents to carry out financial services.

Commenting on the licence, Managing Director and CEO, Itex Integrated Services Ltd, Mr. Ernest Uduje stated that the Company is elated to have gotten the full approval to be a Super Agent. He said “We are indeed happy to have qualified for this licence. Our primary goal is to provide ease of financial services and transactions for our customers including those in the rural areas. This licence gives us an opportunity to provide these services on an even larger scale, thus providing financial empowerment to the unbanked and underbanked”.

Read:  NESG, Coca-Cola Emphasize Sustainable Growth through Social Inclusion (Photos)

‘This is also a  testament to the fact that we have systems, structures and security to render the best payment solutions for our clients, providing tailor-made services to them and providing solutions that will guarantee smooth and secure transactions” Mr. Uduje added.

The Super Agent licence is part of CBN’s efforts to deepen financial inclusion in the country and reducing the financial exclusion rate to 20 per cent by 2020.

Read:  Mastercard Shoppers Can Soon Tap & Go at Target

Itex is one of the first organizations to successfully deploy and manage Point of Sale (POS) Terminals in Nigeria. Its customary POS applications ease the electronic payment and revenue collection of bills, tariffs, and airtime. The Company currently has 2200 agents in the field and are already carrying out a volume of about 2Bn worth of transactions monthly and hopes to increase the number by virtue of the new commercial Super Agent licence.

Read:  Turnover: FMDQ Records N130.17t In 11 Months

Itex Integrated Services Limited is an innovative fintech company that designs and deploys secured solutions to diverse Pan-African customers. Itex is one of the first organizations to successfully deploy and manage Point-of-Sale (POS) Terminals in Nigeria. Our custom payment applications ease electronic payments, revenue collection, utility bill and value-added service payments such as airtime, electricity, cable TV, tariffs, toll payments, etc. We make the payment experience enjoyable for our clients by offering them the ability to monitor and control their transaction real-time.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

MTN Nigeria Announces One-Day Kid CEO, as Lagos experiences 5G demonstration

MTN Nigeria has announced 14-year-old Ademuwa Ifeoluwa of Chrisfield College, Ikorodu Lagos as its first one-day kid CEO. Ademuwa...

Diageo to change the method of calculating organic growth

Diageo announced, at its Capital Markets Day on 22 May 2019, that it would change its method of calculating organic growth for periods beginning...

Anthony Joshua beats Andy Ruiz to win back world heavyweight titles

Anthony Joshua is the heavyweight champion of the world once more. Having suffered one of the biggest upsets in boxing history back in June in New York...

News Highlights of November 2019 (Video)

It was a November to remember, as the battle for survival continues among brands, new ventures, opportunities, investments and the making of a payment...

More Articles Like This