
Central Bank of Nigeria
Guidelines for the Licensing and Regulation of Payment Service Banks
- Author
- Central Bank of Nigeria
- Year
- 2018
- Pages
- 17 pages
This guideline establishes the framework for licensing and regulating Payment Service Banks in Nigeria, including their objectives, eligible structures, permissible activities, licensing and inspection requirements, operational commencement, governance, customer identification, consumer protection, risk management, payment security, and licence revocation. It emphasizes technology-driven delivery of low-value…