Regulatory Alerts2021-05-28 | PSM/DIR/CON/INM/011/008Regulatory Framework on Non-bank Merchant Acquiring in Nigeria
The Central Bank of Nigeria issues a regulatory framework for non-bank acquiring in Nigeria to promote a sound financial system and facilitate electronic payment systems. The framework sets the rules and minimum standards for non-bank merchant acquiring, including the rights and obligations of involved parties. It guides the activities of participants providing non-bank acquiring services and requires strict compliance from stakeholders.
Tags
payments
fintech
operational
risk
governance
licensing
aml
kyc
consumer
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