
Central Bank of Nigeria
Circular on the Exposure Draft of New CBN Licensing Regime (License Tiering) for Payment System Providers
- Author
- Central Bank of Nigeria
- Reference No.
- BPS/DIR/GEN/CIR/05/012
- Year
- 2018
- Pages
- 2 pages
The circular presents an exposure draft for a new tiered licensing regime covering payment service providers and financial technology companies. It addresses emerging cyber and operational risks, risk management, capital adequacy, regulatory oversight, notification of new licensed activities, restrictions on merchant settlement funds, and mutual…