CBN Requires All PoS Transactions To Go Through Licensed Aggregators

LAGOS – In a move meant to strengthen the monitoring of electronic transactions across Nigeria and decentralise PoS transaction rout­ing, the Central Bank of Nigeria (CBN) on Thursday directed all Payment Service Providers (PSP) to route all transactions from PoS terminals at merchant and agent locations — physical or electron­ic — through an approved CBN [...]

Read More