CBN gives directive to start monitoring all PoS transactions

CBN gives directive to start monitoring all PoS transactions …C0NTINUE READING HERE >>>

The Central Bank of Nigeria (CBN) has ordered 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).

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The circular, dated September 11, 2024, was signed by CBN’s Director of Payments System Management, Oladimeji…

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