What's the equivalent of a Nigerian MMO licence in Ghana and Kenya?
A Nigerian Mobile Money Operator (MMO) licence maps to the normalized activity "Issue e-money / hold customer funds" (fintech:EMONEY_ISSUE). The equivalent in Ghana is the Dedicated Electronic Money Issuer (Bank of Ghana, Act 987); in Kenya it is the E-Money Issuer or Small E-Money Issuer (Central Bank of Kenya, NPS Regulations 2014). These are the licence categories in each market that permit holding customer funds.
| Market | Licence category | Regulator | Licensed providers | Register |
|---|---|---|---|---|
| Nigeria (origin) | MOBILE MONEY OPERATOR LICENCE CATEGORY | Central Bank of Nigeria | 17 | view register |
| Ghana (equivalent) | Dedicated Electronic Money Issuer | Bank of Ghana | 5 | view register |
| Kenya (equivalent) | E-Money Issuer | Central Bank of Kenya | 9 | view register |
| Kenya (equivalent) | Small E-Money Issuer | Central Bank of Kenya | 0 | view register |
Why the mapping isn't 1:1 wording
Each regulator names and scopes its categories differently — that's exactly why Afriset normalizes them to canonical activities. The mapping above is human-reviewed; local scope differences (e.g. Kenya's Small E-Money Issuer caps) are recorded on each category page. Nigeria's PSSP authorisation, by contrast, is payment processing only — it does not permit holding customer funds and is not an MMO equivalent.