Djezzy receives central bank authorisation for payment services arm
The Bank of Algeria has authorised Djezzy Payment Services, a subsidiary of Optimum Telecom Algerie, to incorporate as a payment service provider (PSP), Ecofin reported. This enables the telecom operator to offer payment accounts, transfers and merchant services once a final operating license is granted. Djezzy enters an expanding market, with over 1,000 merchants accepting online payments by the end of June, up from 644 a year before.