Fintech Licensing in Nigeria: Choosing Between the Letters

Licences are product roadmaps

Choose the licence for the company you intend to become, not the app you have today. Upgrading later costs more time than starting wider.

Quick orientation

• Switching/Processing: lower capital, thinner moat
• PSSP: collection focus, fast path to revenue
• MMO: heavy capital, wallet economics

Regulatory sandboxes reward teams that arrive with compliance architecture already drawn.