Consultation · CBN · 6 Nov 2014 · BPS/DIR/GEN/CIR/05/005

Circular on Exposure Draft on the Guidelines and Regulatory Framework on Mobile Payments Services in Nigeria

The Central Bank of Nigeria circulates an exposure draft on guidelines and a regulatory framework for mobile payment services in the country. The draft is sent to all deposit money banks, mobile money operators, and switches for review and comments, with a deadline of December 5, 2014. This is part of the CBN's mandate to develop Nigeria's electronic payments system.

NigeriaCentral Bank of Nigeria

BANKING AND PAYMENTS SYSTEM DEPARTMENT
CENTRAL BANK OF NIGERIA
Central Business District P.M.B. 0187, Garki, Abuja.

+234 - 0946238445 November 5, 2014 BPS/DIR/GEN/CIR/05/005 To: All Deposit Money Banks, Mobile Money Operators and Switches EXPOSURE DRAFT ON THE GUIDELINES AND REGULATORY FRAMEWORK ON MOBILE PAYMENTS SERVICES IN NIGERIA The Central Bank of Nigeria (CBN), in furtherance of its mandate for the development of the electronic payments system in Nigeria, hereby releases the Exposure Draft on the Guidelines and Regulatory Framework on Mobile Payments Services in Nigeria, for your review and comments.

Kindly forward your inputs on or before December 5, 2014 to the Director, Banking & Payments System Department and pspo@cbn.gov.ng. Thank you for your usual cooperation.

'Dipo Fatokun Director, Banking & Payments System Department

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