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PAYMENT TERMINAL SERVICE PROVIDERS
The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025.
Two of Nigeria’s leading payment service providers, Accelerex and ITEX, have joined leading banks and fintechs on Zone’s regulated blockchain network for payments.