
Central Bank of Nigeria
Approved Reviewed Guidelines for Licensing and Regulation of Payment Service Banks in Nigeria
- Author
- Central Bank of Nigeria
- Year
- 2020
- Pages
- 16 pages
This guideline establishes the licensing, operational, governance, prudential, consumer protection, security, and risk management framework for Payment Service Banks in Nigeria. It aims to expand financial inclusion by enabling technology-driven, high-volume low-value deposit, payment, remittance, savings, and withdrawal services, particularly for rural, low-income, and financially…