2014-09-19 | BPS/DIR/GEN/CIR/012

Electronic Payments Incentive Scheme and Awareness Campaign

The Central Bank of Nigeria has introduced an industry-wide Electronic Payments Incentive Scheme (EPIS) to encourage greater adoption and usage of electronic payments across the country. The incentive scheme focuses on rewarding consumers, merchants, salespersons, and banks for their participation in various ways. Key components include cash rewards based on card usage, offering gift items through promotional campaigns, a point-based reward system, and an Efficiency Award program to recognize institutions that demonstrate innovation and efficiency in the payments system value chain.

Nigeria

Central Bank of Nigeria

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