2019-01-28 | PSM/DIR/CIR/GEN/01/002

Exposure Draft for the Regulation on End to End Electronic Payment of Salaries, Pensions & Other Remmitances, Suppliers & Revenue Collections in Nigeria (Revised 2018)

The Central Bank of Nigeria (CBN) released a draft regulation on end-to-end electronic payment of salaries, pensions, and other remittances, suppliers, and revenue collections in Nigeria. The regulation aims to enhance the adoption of electronic payments and ensure stability in the payments system. It outlines the roles and responsibilities of CBN-regulated stakeholders, including deposit money banks, other financial institutions, and mobile money operators, as well as payment solution service providers. The regulation also includes operational standards for other stakeholders, such as payers and beneficiaries.

Nigeria

Central Bank of Nigeria

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