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CBN Raises Capital Requirements for Payment Solutions Service Providers to N250m


By James Emejo
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) to N250 million from N100 million.
The new framework also reviewed downward, the capital requirements for licensing of Payment Solution Services (PSSs) to N100 million from N250 million.
Capital requirement for the Switching and Processing licence remains unchanged at N2 billion, including Mobile Money Operator licence, which was retained at N2 billion.
Others include the capital requirements for the Payment Terminal Service Provider (PTSP) licence, which remains at N100 million.
The Super Agent licence was also maintained at N50 million. ....

James Emejo , Articles Of Association , Payment Solution Services Psss , Central Bank , Payment Solutions Service Providers Pssps , Article Of Association , Payment Terminal Service Provider , Corporate Affairs Commission , Payment Solutions Service Providers , Payment Solution Services , Mobile Money Operator , Super Agent , Taxpayer Identification Number , Capital Deposit , கட்டுரைகள் ஆஃப் சங்கம் , கட்டணம் தீர்வு சேவைகள் ப்ஸ்ஸ்ஸ் , மைய வங்கி , கட்டுரை ஆஃப் சங்கம் , கட்டணம் முனையத்தில் சேவை வழங்குநர் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் தரகு , கட்டணம் தீர்வுகள் சேவை வழங்குநர்கள் , கட்டணம் தீர்வு சேவைகள் , கைபேசி பணம் ஆபரேட்டர் , வரி செலுத்துவோர் அடையாளம் எண் ,

CBN issues new licence and capital requirements for payment systems


The Central Bank of Nigeria (CBN) yesterday issued new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) from N100 million to N250 million.
Also, the new framework had a downward review of the capital requirements for licensing of Payment Solution Services (PSSs) from N250 million to N100 million.
Capital requirement for the Switching and Processing licence and Mobile Money Operator licence both remains unchanged at N2 billion.
This disclosure is contained in a document released by the apex bank on Monday, May 24, 2021, which stated that the eligibility for each licence category was tied to any corporate entity registered by the Corporate Affairs Commission (CAC), with Memorandum and Article of Association (MEMART). ....

Articles Of Association , Payment Solution Services Psss , Central Bank , Payment Solutions Service Providers Pssps , Article Of Association , Payment Terminal Service Provider , Corporate Affairs Commission , Payment Solutions Service Providers , Payment Solution Services , Mobile Money Operator , Super Agent , Taxpayer Identification Number , Capital Deposit , கட்டுரைகள் ஆஃப் சங்கம் , கட்டணம் தீர்வு சேவைகள் ப்ஸ்ஸ்ஸ் , மைய வங்கி , கட்டுரை ஆஃப் சங்கம் , கட்டணம் முனையத்தில் சேவை வழங்குநர் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் தரகு , கட்டணம் தீர்வுகள் சேவை வழங்குநர்கள் , கட்டணம் தீர்வு சேவைகள் , கைபேசி பணம் ஆபரேட்டர் , வரி செலுத்துவோர் அடையாளம் எண் ,

瓦轴B:瓦轴股份公司2020年度股东大会决议公告(英)- CFi.CN 中财网


Daily and the http//www.cninfo.com.cn published on April 27, 2021.
b. No rejection proposals situation occurred during the meeting.
c. No adding and change of the proposals situation occurred during the meeting.
II. Information of the meeting
1) Time
a):On-site meeting:14:30 P.M ,May19,2021
b): Internet polling: The specific time for online voting through the trading system of the Shenzhen
Stock Exchange is 9:15 9:25, 9:30 11:30 a.m. and 1:00-3:00 p.m on May 19, 2021; The specific time
for online voting through the shenzhen stock exchange s Internet voting system is 9:15-15:00 on May 19,
2021.
3) Way of meeting: on-site votes plus network polling
4) Convener: Board of directors of Wafangdian Bearing Co., Ltd. ....

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Pre-Establishment Considerations for Setting Up a WFOE in China


Pre-Establishment Considerations for Setting Up a WFOE in China
Pre-Establishment Considerations for Setting Up a WFOE in China
April 7, 2021 Posted by China Briefing
Written by
Qian Zhou
Reading Time:
10 minutes
Learn about key pre-establishment considerations before setting up a WFOE in China, including the business scope, investment capital, expenses and tax planning, and location search metrics, among others, in this article.
Before setting up a wholly foreign owned enterprise (WFOE) in China, there are several pre-establishment considerations that investors should take into account, to optimize the process and decrease the risk of costly errors.
In particular, making changes to a Chinese entity after establishment – such as to its range of commercial activities or registered address – can be challenging and onerous. ....

Hong Kong , Articles Of Association , Location Search Service , Taxation Administration , Ministry Of Commerce , Administration Of Market Regulation , Article Of Association , Administration For Market Regulation , National Negative List , Market Regulation , Special Administrative Measures , Foreign Investment , Free Trade Zone Special Administrative Measures , Search Service , State Taxation Administration , Enterprises Annual Reporting Forms , Related Party Transactions , ஹாங் காங் , கட்டுரைகள் ஆஃப் சங்கம் , இடம் தேடல் சேவை , அமைச்சகம் ஆஃப் வர்த்தகம் , கட்டுரை ஆஃப் சங்கம் , தேசிய எதிர்மறை பட்டியல் , சந்தை ஒழுங்குமுறை , வெளிநாட்டு முதலீடு , தேடல் சேவை ,