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Central Bank of Nigeria

Guidelines for Licensing and Regulation of Payment Service Banks

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Author
Central Bank of Nigeria
Year
2018
Pages
18 pages

This guideline establishes the framework for licensing, structuring, operating, supervising, and regulating Payment Service Banks in Nigeria. It aims to expand financial inclusion by enabling technology-driven, high-volume low-value deposits, payments, remittances, savings, and withdrawals, particularly in rural and underserved communities. The document addresses eligibility and…

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