Regulatory Alerts2025-12-11 | PSS/DIR/PUB/CIR/001/002Mandatory Dual Connectivity to the Payment Terminal Service Aggregators
The Central Bank of Nigeria mandates that all Acquirers, Processors, and Payment Terminal Service Providers establish active dual connectivity with both the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL) for all Point-of-Sale (PoS) transactions, including automatic failover capabilities. NIBSS and UPSL are required to conduct periodic system resilience tests and notify relevant parties in real-time or within 24 hours of any system downtime. Regulated Financial Institutions must comply with this new directive within one month from the circular's date to enhance system redundancy and stability.
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