COMPUTER Warehouse Group Plc (CWG) has been issued a licence to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals (PoS) in Nigeria by the Central Bank of Nigeria (CBN).
This followed a visit by a delegation of the Apex bank to CWG late last year to assess the company’s preparedness and ensure that the company has fulfilled all conditions necessary and is therefore qualified to be licensed as a Payment Terminal Service Provider in the country.
In a letter, signed by the Director, Banking and Payment Systems Department, CBN, Dipo Fatokun noted that CWG “has successfully passed through the various stages of evaluation”. These include an inspection of the company’s facility and processes, an allowance of a test period, during which the company’s products were carefully examined for quality and standard. CWG is “hereby licensed to perform the activities Payment Terminal Service Provider (PTSP) for Point-of-Sale terminals (POS) in Nigeria.”
The PTSP license certifies that a company has the infrastructure to competently deploy, maintain and provide support for POS terminals in Nigeria.
According to the CBN, “a PTSP shall offer services to acquirers covering all aspects relating to terminal management support, including but not limited to purchase and replacement of spare parts, provision of connectivity, training, repairs, and development of value added services, amongst other things.”
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