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CBN, NIBSS to Unveil Domestic Card Scheme Today – THISDAYLIVE

CBN, NIBSS to Unveil Domestic Card Scheme Today – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Payment service banksPayment terminal service providersCentral bankNigeria inter bank settlement systemsNigeria deposit insurance corporationExchange commissionBankers committeePayment solutions service providersNational domestic cardNational domestic card schemeDomestic card schemeDeputy governorsDirector general securitiesManaging directorNigeria deposit insuranceMobile money operators

E-Commerce Trends in Nigeria for 2023 – THISDAYLIVE

E-Commerce Trends in Nigeria for 2023 – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

National communication commissionCentral bankPayment solutions service providersSolutions service providers

E-Commerce trends in Nigeria for 2023

The rise of digital commerce has given birth to new ways for e-commerce retailers to improve their businesses and deliver an exceptional customer experience.

National communication commissionCentral bankPayment solutions service providersSolutions service providersE commerceNational communication commission

CBN Raises Capital Requirements for Payment Solutions Service Providers to N250m

By James Emejo The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) to N250 million from N100 million. The new framework also reviewed downward, the capital requirements for licensing of Payment Solution Services (PSSs) to N100 million from N250 million. Capital requirement for the Switching and Processing licence remains unchanged at N2 billion, including Mobile Money Operator licence, which was retained at N2 billion. Others include the capital requirements for the Payment Terminal Service Provider (PTSP) licence, which remains at N100 million. The Super Agent licence was also maintained at N50 million.

James emejoArticles of associationPayment solution services psssCentral bankPayment solutions service providers psspsArticle of associationPayment terminal service providerCorporate affairs commissionPayment solutions service providersPayment solution servicesMobile money operatorSuper agentTaxpayer identification numberCapital depositகட்டுரைகள் ஆஃப் சங்கம்கட்டணம் தீர்வு சேவைகள் ப்ஸ்ஸ்ஸ்

CBN issues new licence and capital requirements for payment systems

The Central Bank of Nigeria (CBN) yesterday issued new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) from N100 million to N250 million. Also, the new framework had a downward review of the capital requirements for licensing of Payment Solution Services (PSSs) from N250 million to N100 million. Capital requirement for the Switching and Processing licence and Mobile Money Operator licence both remains unchanged at N2 billion. This disclosure is contained in a document released by the apex bank on Monday, May 24, 2021, which stated that the eligibility for each licence category was tied to any corporate entity registered by the Corporate Affairs Commission (CAC), with Memorandum and Article of Association (MEMART).

Articles of associationPayment solution services psssCentral bankPayment solutions service providers psspsArticle of associationPayment terminal service providerCorporate affairs commissionPayment solutions service providersPayment solution servicesMobile money operatorSuper agentTaxpayer identification numberCapital depositகட்டுரைகள் ஆஃப் சங்கம்கட்டணம் தீர்வு சேவைகள் ப்ஸ்ஸ்ஸ்மைய வங்கி