Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence.This was disclosed in a statement issued by the company on Friday. The Central Bank of Nigeria recently upgraded Kuda Microfinance Bank’s licence to a national one, which means that it can now have a physical presence across Nigeria.With the unit microfinance bank licence it held until December 2025, Kuda MFB’s physical operations were limited to a specific location.
The national licence removes those geographic restrictions, allowing the bank to open customer experience centres in multiple parts of the country. It also regularises Kuda MFB’s licensing status in line with the Central Bank’s framework for microfinance banks.
According to the bank, the national licence is about regulatory alignment and operational flexibility rather than a shift away from its digital-first model, so it will continue to lead with digital banking services, offering Nigerians the convenience of making transfers and payments, saving, and accessing instant credit through the Kuda app