Data from the Nigeria Inter-Bank Settlement System Plc, (NIBBS) showed that as of April 8, 2023, 57.39 million customers’ accounts have been linked to their Bank Verification Numbers (BVN) revealing a slight increase within two months. | Pulse Nigeria
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from from opening a new bank accounts going by its fresh rule.The new policy is contained in a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the banking industry released by the apex bank in its Update…
The Central Bank of Nigeria (CBN) has stated that individuals under its watchlist may be barred from entering a new relationship with any participant (banks)
Key developments of interest over the last month include: United Kingdom: HM Treasury responds to Payments Landscape Review call for evidence Hong Kong: HKMA publishes white paper.