Regulatory Alerts2009-04-08 | BOD/DIR/CIR/GEN/01/48Deployment of Automated Teller Machines (ATMs)
The Central Bank of Nigeria (CBN) has noticed the growth in Automated Teller Machine (ATM) usage and is committed to ensuring deployment aligns with global best practices. However, the CBN has observed banks competing with ATM consortium (ATMC) by deploying ATMs at public places such as airports and hotel lobbies. This will soon congest these spaces. Henceforth, banks are directed to restrict their ATM deployment to their premises and re-deploy existing ones in public spaces to their facilities by June 30th, 2009. In addition, the CBN plans to license an additional ATM consortium, resulting in a total of two, who will be solely responsible for deploying ATMs at public places.
Tags
payments
operational