Nigeria: CBN Approves Incentive Scheme for Electronic Payments Stakeholders

21 September 2014

In furtherance of the drive for the pervasive usage of electronic payments in Nigeria, the management of the Central Bank of Nigeria (CBN) has approved an industry-wide incentive scheme and awareness campaign for electronic payments stakeholders and users.

The CBN disclosed this in a circular to all Deposit Money Banks and Payments System Services Providers which was signed by Director, Banking and Payments System Department, Dipo Fatokun on September 19.

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