
Central Bank of Nigeria
Licensing and Regulation of Payment Service Banks
- Author
- Central Bank of Nigeria
- Year
- 2018
- Pages
- 17 pages
These guidelines establish the licensing, permissible activities, operational structure, governance, prudential regulation, supervision, customer protection, risk management, security, and licence revocation framework for Payment Service Banks in Nigeria. They aim to promote financial inclusion by enabling technology-driven, high-volume low-value deposit, payment, remittance, and withdrawal services,…