Non-deposit financial institutions to be taken down from fund transfer channels – NIBSS
The Nigeria Inter-Bank Settlement System has requested that banks remove Payment Solution Service Providers, Switches, and Super Agents from their list of outward payment or transfer recipients. The NIBSS announced this in a recent circular to banks dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223.According to the country’s payment system, listing non-deposit-taking financial institutions as beneficiaries […]
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