CBN directs payment service providers to begin PoS transaction tracking …C0NTINUE READING HERE >>>
The Central Bank of Nigeria has issued a 30 days ultimatum to Payment Service Providers (PSPs) in the country to adhere to the revised routing instructions for Point of Sale (PoS) transactions.
The directive was issued in a circular dated September 11, 2024 by Oladimeji Yisa Taiwo, for Director, Payments System Management Department, CBN but published by the apex bank on Thursday, Sept 12, 2024.
The apex bank said the PSPs must regularise their systems and route all POS transactions…
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