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Central Bank reverses Cashless Policy, stops interchange charges on electronic payment

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Central Bank reverses Cashless Policy, stops interchange charges on electronic payment
"As a result of the limitations of the MSC regime and the objectives of the Payments System Vision 2020, the CBN, in consultation with industry stakeholders, has decided to migrate the payment card industry to a superior pricing mechanism. It is expected that the introduction of the new pricing regime will bring about even greater payment card issuance and utilisation, investment in loyalty programs and the expansion of acquirer network infrastructure across the country.” More »
Central Bank reverses Cashless Policy, stops interchange charges on electronic payment Central Bank reverses Cashless Policy, stops interchange charges on electronic payment Reviewed by Crude Oil Facilitators on 09:34 Rating: 5

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