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Central Bank of Nigeria

Licensing and Regulation of Payment Service Banks

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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,…

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