2014-09-19 | BPS/DIR/GEN/CIR/01/012

Circular on Electronic Payments Incentives Scheme and Awareness Campaign

The Central Bank of Nigeria has introduced an Electronic Payments Incentives Scheme (EPIS) to promote the adoption of electronic payments. The scheme targets consumers, merchants, and salespersons and offers incentives such as reduced Merchant Service Charge, rewards for frequency of card usage, cash refunds based on card usage, and promotional gift items for merchants who encourage electronic payment transactions among customers. NIBSS will implement the program and administer awards to recognize the efficiency of various service providers across the value chain.

Nigeria

Central Bank of Nigeria

Show thumbnail