Regulatory Alerts2021-05-28 | PSM/DIR/CON/INM/011/008Added · Updated
Regulatory 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.