MoneyMaster Payment Service Bank
MoneyMaster Payment Service Bank is a Nigeria-based, CBN-licensed Payment Service Bank founded in 2019 and headquartered in Lagos, offering digital banking services such as mobile wallets, savings accounts, and money transfers.
- Company typePrivate
- Founded2019
- HeadquartersLagos, Nigeria
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
MoneyMaster Payment Service Bank firmographics
Firmographics- Name
- MoneyMaster Payment Service Bank
- Legal name
- MoneyMaster Payment Service Bank
- Website
- https://moneymasterpsb.com
- Company type
- Private
- Founded year
- 2019
- Headcount range
- 1,001–5,000 employees
- Short description
- MoneyMaster Payment Service Bank is a Nigeria-based, CBN-licensed Payment Service Bank founded in 2019 and headquartered in Lagos, offering digital banking services such as mobile wallets, savings accounts, and money transfers.
- Ownership category
- akta.pro rank
MoneyMaster Payment Service Bank industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where MoneyMaster Payment Service Bank is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Markets served
MoneyMaster Payment Service Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
MoneyMaster Payment Service Bank product offering
Product offeringCore offering
MoneyMaster Payment Service Bank provides digital banking services to consumers, including mobile wallets, savings accounts, and easy money transfers. The company is structured as a Nigerian payment service bank serving retail/individual customers via digital channels.
Differentiator
Problem solved
Functional benefit
Products and services
- Mobile Wallet
- Savings Account
- Money Transfer
Companies that use MoneyMaster Payment Service Bank
Customer profileIdeal customer profiles1 record
MoneyMaster Payment Service Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MoneyMaster Payment Service Bank competitors and assessment
Company assessmentRegional players
- M-Kopa (Nigeria): Pay-as-you-go solar and mobile money provider active across East and West Africa including Nigeria; comparable as a mobile-money-anchored financial inclusion platform serving mass-market customers.
Direct peers
- Airtel Money / SmartCash PSB: Airtel Money operates through a Nigerian PSB license to provide mobile wallets, P2P transfers, and merchant payments — overlapping directly with MoneyMaster's mobile money wallet proposition.
- MTN MoMo Payment Service Bank: Also a CBN-licensed Payment Service Bank in Nigeria offering mobile wallets, transfers, and savings via the MTN MoMo agent network — directly comparable in license category, target customer (unbanked/underbanked), and product mix.
- PalmPay: Mobile wallet and payments app with strong Nigerian agent presence; comparable on mobile money, bill payments, and consumer wallet features.
- 9 Payment Service Bank (9PSB): Nigerian PSB offering mobile money, savings, and agent banking services; closest like-for-like competitor under the same CBN license category and serving a comparable mass-market customer base.
- OPay: Largest Nigeria-focused mobile money and payments super-app offering wallets, transfers, bill payments, and merchant services — competes for the same unbanked/agent-banking customer base despite operating under a different license.
- Moniepoint: Nigerian agent-banking and payments platform serving informal merchants and consumers — directly competitive in the deposit, transfer, and agent-network segments MoneyMaster targets.
Others
- Flutterwave: Nigerian payments infrastructure provider enabling merchants and fintechs with APIs for transfers, collections, and payouts — ecosystem participant that supplies payment rails to PSB-licensed banks.
Emerging players
- Carbon (formerly OneFi): Nigerian digital bank offering payments, savings, and credit — overlaps with MoneyMaster on savings and transfers, with broader product breadth.
- FairMoney: Nigerian digital lender and mobile banking app; partial overlap on the savings/wallet side and competes for the same mass-market retail customer, though its core product is lending.
Market position
Customer concentration
MoneyMaster Payment Service Bank social profiles
Digital presenceMoneyMaster Payment Service Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MoneyMaster Payment Service Bank leadership team
Management profileNumber of profiles
MoneyMaster Payment Service Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MoneyMaster Payment Service Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MoneyMaster Payment Service Bank
What does MoneyMaster Payment Service Bank do?
MoneyMaster Payment Service Bank provides digital banking services to consumers, including mobile wallets, savings accounts, and easy money transfers. The company is structured as a Nigerian payment service bank serving retail/individual customers via digital channels.
When was MoneyMaster Payment Service Bank founded?
MoneyMaster Payment Service Bank was founded in 2019. It employs 1,001 to 5,000 people.
Where is MoneyMaster Payment Service Bank based?
MoneyMaster Payment Service Bank is headquartered in Lagos, Nigeria, in the Africa region.
Who are MoneyMaster Payment Service Bank's main competitors?
M-Kopa (Nigeria) is listed as a regional player. Direct peers are Airtel Money / SmartCash PSB, MTN MoMo Payment Service Bank, PalmPay, 9 Payment Service Bank (9PSB), OPay and Moniepoint. Flutterwave is listed as an others. Emerging players are Carbon (formerly OneFi) and FairMoney.
Does MoneyMaster Payment Service Bank have an API?
No public API is recorded for MoneyMaster Payment Service Bank.
What industry is MoneyMaster Payment Service Bank in?
MoneyMaster Payment Service Bank's product category is Digital Banking. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 5221 and its SIC code is 6021.