CBN Issues One-Month Deadline For Dual PoS Connectivity
The Central Bank of Nigeria (CBN) has instructed all financial institutions, acquirers, and payment service providers to implement mandatory dual connectivity for Point of Sale (PoS) transactions within one month. This was disclosed in a statement signed by the Director of the Payments System Supervision Department, Rakiya Yusuf, updating a September 2024 policy. “Under the […]