2016-05-03 | BPS/DIR/GEN/CIR/01/011

Guidelines on Transaction Switching in Nigeria

The Central Bank of Nigeria (CBN) issues guidelines for transaction switching services in the country, including licensing requirements for switching companies and their obligations. The Nigeria Central Switch (NCS) provides interconnectivity and interoperability among payment service providers, with NIBSS as its operator. All parties involved in switching services must adhere to confidentiality rules and anti-competition regulations.

Nigeria

Central Bank of Nigeria

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