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Central Bank of Nigeria

Guidelines for the Licensing and Regulation of Payment Service Banks

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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…

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