HOW TO OBTAIN A PAYMENT SERVICE BANK (PSB) LICENSE FROM THE CBN
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HOW TO OBTAIN A PAYMENT SERVICE BANK (PSB) LICENSE FROM THE CBN

In other to enhance financial inclusion by increasing access to deposit and payment/remittance services to small businesses, low-income households and other financially excluded entities through high-volume/ low-value transactions in a secured technology-driven environment, the CBN in 2020 issued a guideline for PSBs in Nigeria (“the GUIDELINES”) spelling out the licensing requirements, mode of operation/business rules...