THE LICENSING REGIME FOR PAYEMENT SOLUTION SERVICE (PSS) PAYMENT TERMINAL SERVICE PROVIDER (PTSP) AND SUPER-AGENT

Technology has evolved, affecting many sectors of the Nigerian economy and in particular the financial services sector. A robust structure for payments systems is therefore imperative.

A Payment System is the process of efficiently performing financial transactions. It which allows consumers, businesses, and other organizations to transfer funds, held in an account. It could also refer to the infrastructure consisting of institutions, instruments, rules, procedures, standards and technical means established to effect the transfer of monetary value between parties discharging mutual obligations.

For more details, please download attachment.