Ceviant, a UK-based financial technology firm, has been granted a Payment Solution Service Provider license by the Central Bank of Nigeria. Ceviant is a provider of treasury and trade solutions.
The license allows Ceviant to provide payment services to Nigerian clients, such as electronic fund transfers and payment processing.
“We are proud to have been granted the PSSP license by the Central Bank of Nigeria. This demonstrates our dedication to providing exceptional payment solutions that meet the necessary regulations. At Ceviant, we aim to provide integrated treasury and trade solutions that give our customers more data transparency, automation, visibility, and control over their payments and treasury operations. Receiving the PSSP license is a major achievement for Ceviant. It highlights our dedication to maintaining the security and accuracy of all payment processes. Our team worked hard to meet the demanding standards set by the Central Bank of Nigeria, and we are confident that our payment solutions will continue to meet the changing needs of Nigerian businesses.” Kehinde Dabiri, CEO of Ceviant, said acknowledging the license.
This license also opens up chances to collaborate with banks and other financial institutions in the payments ecosystem, such as API connections with banks, that allow businesses to manage bank accounts, payments, transactions, cash balances, and more through a single interface and API.
Ceviant’s FCA license in the UK also grants access to the UK’s financial services ecosystem, allowing businesses to manage payments and transactions more easily through a single platform.
With both licenses, Ceviant will be able to offer a broader range of financial services to customers across Europe and Africa.
Ceviant offers multinational businesses access to its Treasury and Trade Solutions, which focus on lowering costs and increasing the efficiency of worldwide business transactions.
The PSSP license allows Ceviant to securely offer its services in Nigeria while meeting local banking rules. Ceviant is now well-positioned to capitalize on Nigeria’s expanding payments sector and meet the demands of businesses looking for secure and efficient payment solutions.
Payments are an important aspect of treasury management. To preserve liquidity, treasurers want real-time sight of cash balances, stress-free money movement, and safe investment options.
Ceviant is a member of the SWIFT partner program and is ISO recognized, with headquarters in London and offices in Bucharest and Lagos.
The company is now operating in Nigeria and the United Kingdom, but it is growing to other nations in the region.
Ceviant recently announced a partnership with Providus, GT Bank, and Access Bank, as well as collaboration with other top banks in Nigeria, to provide businesses with integrated treasury and payment solutions.