Regulatory Alerts2009-06-11 | BOD/RTP/GEN/RVP/01/002Circular on Regulatory Framework for Mobile Payments Services in Nigeria
On June 11th, 2009, the Central Bank of Nigeria (CBN) released a regulatory framework for mobile payments services in Nigeria, aiming to extend banking services to a larger population utilizing the country's widespread use and acceptance of mobile phones. The CBN encourages the introduction of payment services through these devices as an effective means to advance financial inclusion.
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