Nigeria - 2023 - Finance

Guidelines on Contactless Payments In Nigeria 2023

Ministry of Finance and National Planning

The Central Bank of Nigeria developed these Guidelines to ensure that participants in contactless payments implement appropriate risk management processes and measures while adhering to the best relevant standards. This is a step to further standardize operations in the payments system, encourage the deployment of innovative products, and maintain financial system stability.

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Guidelines on Contactless Payments In Nigeria 2023 Current Version

July 2023

The Central Bank of Nigeria developed these Guidelines to ensure that participants in contactless payments implement appropriate risk management processes and measures while adhering to the best relevant standards. This is a step to further standardize operations in the payments system, encourage the deployment of innovative products, and maintain financial system stability.

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