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Central Bank of Nigeria

Approved Reviewed Guidelines for Licensing and Regulation of Payment Service Banks in Nigeria

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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…

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