The Central Bank of Nigeria (CBN), has given its approval Access Holdings Plc’s wholly owned payment subsidiary, Hydrogen Payment Services Company Limited.
The Company Secretary, Sunday Ekwochi, who disclosed this in a regulatory filing yesterday, said the new payment system is projected to become Africa’s most powerful business network for financial service providers and other stakeholders, and part of its strategy to build a globally-connected community and ecosystem.
The notice reads: “Access Holdings Plc, trading as Access Corporation, announces today that it has received the Central Bank of Nigeria’s final approval for its wholly owned payment subsidiary, Hydrogen Payment Services Company Limited (Hydrogen).
It added that Hydrogen aims to become Africa’s most powerful business network, and will provide switching and payment processing services to financial service providers and other stakeholders.
Group Chief Executive Officer (GCEO), Access Corporation, Dr. Herbert Wigwe, was quoted as saying: “The establishment of Hydrogen is a natural step in our aspiration to create a globally connected community and ecosystem.
“(It is) inspired by Africa for the world and aligns with our mission to build and sustain one global platform open for anyone to join where people can be connected to exceptional opportunities.
“Hydrogen will deploy cutting edge technology infrastructure, strong risk management and governance standards to provide secure, cost efficient and convenient payment services to individuals and businesses across the African continent thereby supporting the attainment of the Central Bank of Nigeria’s financial inclusion strategy.”
Hydrogen will deploy cutting edge technology infrastructure, strong risk management and governance standards to provide secure, cost efficient and convenient payment services to individuals and businesses across the Africa…
