The Central Bank of Nigeria (CBN) has directed payment service providers to begin the tracking of all Point of Sale (PoS) transactions. In a circular to all Payment Service Providers (PSPs) on connectivity to payment terminal service aggregators, the apex bank handed a 30-day deadline to PSPs to regularise with Payment Terminal Service Aggregators (PTSA). The circular, dated September 11, 2024, was signed by CBN’s Director of Payments System Management, Oladimeji Taiwo. “As part of efforts to mitigate the concems regarding channeling all Point of Sale (PoS) transactions through a…
Read MoreCBN Directs Service Providers To Commence PoS Transaction Tracking
