The Central Bank of Nigeria has given its final approval for a new payment subsidiary, Hydrogen Payment Services Company Limited, a company fully owned by Access Corporation.

This was disclosed in a letter signed by the Access Corporation’s Secretary, Mr Sunday Ekwochi on Wednesday.

According to the secretary, the new company is a payment subsidiary of Access Corporation which is designed to provide a payment platform where switching and payment processing services would be rendered to both the financial service providers as well as other stakeholders in the industry.

The Group Chief Executive officer, Access Corporation, Herbert Wigwe, said “The establishment of Hydrogen is a natural step in our aspiration to create a globally connected community and ecosystem 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 committed to exceptional opportunities.”