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CBN orders fintechs, banks to localise payment data, caps market dominance
The Central Bank of Nigeria, CBN, has directed banks, fintechs and other operators in the payments ecosystem to store all payment transaction data generated in Nigeria within the country, while also introducing measures to curb excessive market dominance in the industry.
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punchng.com
CBN orders banks, fintechs to store payment data locally
The CBN has directed banks and fintechs to store payment transaction data generated in Nigeria on local servers from Jan 1, 2027, enhancing oversight and d
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businessday.ng
CBN curbs payments dominance with new market share limits - Businessday NG
The Central Bank of Nigeria (CBN) has introduced new market share restrictions for payment operators in a move aimed at preventing…
