Nigeria - 2021 - Finance

Supervisory Framework for Payment Service Banks

Central Bank of Nigeria, Nigeria

This framework states the regulations for the operations of Payment Service Banks. The objective of the guide is to ensure transparency in their operations as well as ensuring adequate customer protection. The framework emphasizes corporate governance, risks management, and safety of funds to the consumers of the Payment Service Banks’ products.

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Supervisory Framework for Payment Service Banks Current Version

October 2024

This framework states the regulations for the operations of Payment Service Banks. The objective of the guide is to ensure transparency in their operations as well as ensuring adequate customer protection. The framework emphasizes corporate governance, risks management, and safety of funds to the consumers of the Payment Service Banks’ products.

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