Regulatory Alerts2022-07-04 | PSM/DIR/CON/INM/016/118Review of the Industry Quick Response (QR) Code Presentment Options
The Central Bank of Nigeria is promoting innovative products in the country's payment system by issuing a framework for Quick Response (QR) code payments. After consulting with stakeholders, the CBN has reviewed the framework to allow for more flexibility in QR code usage, directing that QR code payments can be made via merchant-presented or consumer-presented modes. The bank will continue to monitor the industry and provide further guidance as needed.
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payments
fintech