CBN Unveils Nigeria Payments System Vision 2028

The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision 2028 (PSV 2028) to enhance the country's digital payment ecosystem and boost global competitiveness. This strategic blueprint builds on previous milestones like the PSV 2020 and PSV 2025, focusing on financial inclusion, innovation, infrastructure development, and consumer protection.

The initiative aims to revolutionize how individuals, businesses, and government agencies transact within the financial system. By prioritizing interoperability and digital financial inclusion, the CBN seeks to create a robust framework that aligns with evolving technologies and regulatory standards, fostering a more efficient and secure payment environment in Nigeria.