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CBN to boost payment system standard, reduce currency management cost

Calabar, May 3, 2023 The Central Bank of Nigeria (CBN) says it is determined to boost Nigeria’s payment system standard by upscaling e-payment infrastructure. Adefuye Adeyemi, Deputy Director, Payment System Management Department of the CBN, said this on Tuesday in Calabar, at the apex bank’s 34th seminar for Finance Correspondents and Business Editors. The News |

CBN to enhance payment system, reduce currency mgt cost

The Central Bank of Nigeria (CBN) has said it is determined to boost Nigeria’s payment system standard by upscaling e-payment infrastructure.

JUST IN: CBN to audit e-payment system, watchlists 572 bank customers

Adeyemi further explained that the BVN of the 572 customers have been placed on watchlist, which means they have been banned from the e-payment system and can only conduct banking transactions by visiting the bank branch where their account is domiciled.

CBN to boost payment system standard, reduce currency management cost

The Central Bank of Nigeria (CBN) says it is determined to boost Nigeria’s payment system standard by upscaling e-payment infrastructure. Adefuye Adeyemi, Deputy Director, Payment System Management Department of the CBN, said this on Tuesday in Calabar, at the apex bank’s 34th seminar for Finance Correspondents and Business Editors. The News Agency of Nigeria (NAN)

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