2018-10-17 | BPS/DIR/GEN/CIR/05/012

Circular on the Exposure Draft of New CBN Licensing Regime (Licence Tering) for Payment System Providers

The Central Bank of Nigeria (CBN) is proposing a new licensing regime for payment service providers and financial technology companies to address emerging issues related to cyber risks, risk management, capital adequacy, and regulatory oversight. The proposed structure includes different license categories with varying requirements and permissible activities. Companies will be expected to notify the Bank before commencing any new activity under their license category.

Nigeria

Central Bank of Nigeria

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