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CBN Implements New Rules for PoS Operators to Enhance Payment Security

Legit NG··1 min read
CBN Implements New Rules for PoS Operators to Enhance Payment Security

The Central Bank of Nigeria issues new regulations for PoS operators, mandating terminal tracking and geofencing rules to curb fraud and enhance payment reliability. The directive requires operators to comply with GPS integration and ISO 20022 messaging standards within 60 days.

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