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International Business Times
International Business Times
Business
Tonye BAKARE

Cash Crunch Fuels Rising Misgivings Against Nigeria's Money Agents

The country is facing an ongoing cash crunch, including a shortage of bank notes (Credit: AFP)

Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas.

Even on the streets of major cities they have become a go-to, due to an ongoing shortage of cash at ATMs since a much-vilified redesign of the national currency, the naira, last year.

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