BREAKING: CBN issues new directive to Payment Service Providers on PoS transactions

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BREAKING: CBN issues new directive to Payment Service Providers on PoS transactions
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The Central Bank of Nigeria has issued a new directive to Payment Service Providers , mandating enhanced routing guidelines for Point of Sales transactions.

The restructuring aims to promote competition, enhance service quality, and create a more resilient payment ecosystem. The CBN's decision to diversify the PTSA structure is a response to the growing demand for more robust and secure electronic payment solutions in Nigeria.

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