RegAlertRule · CBN · 21 Dec 2012 · BPS/DIR/GEN/CIR/01/014
Timeline for Interoperability and Interconnectivity
In order to enhance Nigeria's mobile payment system, the Central Bank of Nigeria directs all mobile money operators (MMOs) to fully connect their schemes to the National Central Switch by February 28, 2013. This mandate was reached during the Mobile Payment Forum on November 29, 2012, and failure to comply will result in appropriate sanctions.
09-46238455(Fax)
0946238445(Tel)
CENTRAL BANK OF NIGERIA
Central Business District P.M.B. 0187 Garki, Abuja BPS/DIR/GEN/CIR/01/014 December 14, 2012 TO: ALL MOBILE MONEY OPERATORS TIMELINE FOR INTEROPERABILITY AND INTERCONNECTIVITY In furtherance of the CBN's efforts at ensuring effective and robust mobile payments system, all MMOs are hereby directed to fully connect to the National Central Switch (NCS) on or before February 28, 2013, to ensure interoperability and interconnectivity of their schemes.
You will recall that this decision was reached at the Mobile Payment Forum held on November 29, 2012.
For the avoidance of doubt, appropriate sanctions will be imposed on any Mobile Payment Operator that fails to comply with this circular.
'Dipo Fat Director, Banking & Payment System Department
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
BOZGo-Live Dates for Phase Two of the National Financial SwitchZambia · 2020-08-21
CBSLTimelines for Joining Common Card and Payment Switch - LankaPaySri Lanka · 2015-11-30
BMNotice No. 02/GBM/2015, of 22 April - Connection to the National Single Electronic Payments NetworkMozambique · 2015-04-22
BCCInstruction No. 58 on the Interoperability of Monetary Payment Systems and Participation in the National Monetary SwitchDR Congo · 2024-09-04
More like this from CBN
We email you every new CBN publication the day it's published.
Source: Central Bank of Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated