2016-05-03 | BPS/DIR/GEN/CIR/01/012

Guidelines on Operations of Electronic Payment Channels in Nigeria

The Central Bank of Nigeria (CBN) has issued guidelines for electronic payment channels in the country, including automated teller machines (ATMs), point-of-sale (POS) card acceptance services, mobile POS (mPOS), and web acceptance services. These guidelines aim to promote efficient and secure electronic payment systems and outline standards, roles, and responsibilities for stakeholders. Compliance with these guidelines is mandatory, with penalties for non-compliance.

Nigeria

Central Bank of Nigeria

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