CBN directs payment service providers to route all PoS transactions through authorised PTSA

CBN directs payment service providers to route all PoS transactions through authorised PTSA …C0NTINUE READING HERE >>>

The Central Bank of Nigeria has mandated all Payment Service Providers to route all transactions from point-of-sale terminals at merchant and agent locations, physical or electronic through an authorized Payment Terminal Service Aggregator.

The apex bank disclosed on Thursday in a circular signed by Oladimeji Yisa Taiwo on behalf of CBN’s director Payments System Management Department.

This comes as CBN issued a 30-day deadline for service providers to comply with enhanced routing…

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