Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/011/008
Title: Regulatory Framework on Non-bank Merchant Acquiring in Nigeria
Summary: The Central Bank of Nigeria has issued a Regulatory Framework for Non-Bank Acquiring in Nigeria, which sets out rules and minimum standards for the operation of Non-Bank Merchant Acquiring services. All stakeholders, including Deposit Money Banks, Payment Service Providers, and other financial institutions, are required to comply with this framework and other regulations. The Central Bank will continue to monitor developments and provide guidance as necessary.
Posted on: Friday, May 28, 2021
Download: PSM/DIR/CON/INM/011/008