Nigeria’s financial landscape has been undergoing a quiet but significant transformation, and at the heart of it are Payment Service Banks (PSBs).
Designed to deepen financial inclusion, PSBs are bridging the gap between traditional banks and the millions of Nigerians who remain outside the formal financial system.
Payment Service Banks are a special category of banks licensed by the Central Bank of Nigeria (CBN) to offer basic financial services, especially to people in rural areas and the unbanked population.