Payment Service Banks in Nigeria (PSBS): A Review of the Proposed Guidelines for Licensing and Regulation by the CBN

The Central Bank of Nigeria (CBN) by its letter dated 5th October 2018, written to all banks, telecommunication companies, mobile money operators, banking agents and the Nigerian Communication Commission, circulated draft guidelines and regulations of Payment Service Banks in Nigeria (PSB) for comments and observations. The Payment Service Banks in Nigeria is CBN’s initiative to…