Central Bank of Nigeria
Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-tagging of Payment Terminals
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- Author
- Central Bank of Nigeria
- Year
- 2025
- Pages
- 3 pages
The circular directs all licensed Nigerian payments ecosystem operators to complete migration to ISO 20022 payment messaging by October 31, 2025, with accurate mandatory transaction data. It also requires existing and new payment terminals to use native geolocation, register accurate coordinates, implement the National Central…
