payment systems Archives

CBN raises capital base for payment service providers to N250m from N100m

The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million from N100 million. This is contained in a circular

As payment systems take another leap in Nigeria with QR codes

Sometime in 2019 – in those heady days of travel innocence – I went with a group of friends to Buka Restaurant in Osu, Accra, Ghana. Amidst much jollification one

0 comment Read Full Article

CBN to review products launched by licensed financial institutions

The Central Bank of Nigeria (CBN) says it will review the products and solutions being launched by licensed financial institutions. This was announced in a circular issued to all deposit

0 comment Read Full Article

CBN approves new licence regime for payment systems

The Central Bank of Nigeria (CBN) has approved new licence categorisation for payment systems across Nigeria. This was contained in a circular released on Thursday, to all payment service providers,

0 comment Read Full Article