CBN Mandates Banks and POS Operators to Complete Full Migration to ISO 20022 Payment Standard by October 31
The Central Bank of Nigeria (CBN) has mandated that all commercial banks, microfinance institutions, mobile money operators, and other authorized participants within the payment ecosystem...
The Central Bank of Nigeria (CBN) has mandated that all commercial banks, microfinance institutions, mobile money operators, and other authorized participants within the payment ecosystem complete their transition to the ISO 20022 payment messaging standard by October 31. This directive was issued through an official circular signed by Rakiya Yusuf, Director of the Payments System...