Nigeria: CBN Regulatory framework for mobile money services
Description
CBN Regulatory framework for mobile money services
On 9 July 2021, the Central Bank of Nigeria (CBN) issued the Regulatory Framework for Mobile Money Services in Nigeria. The framework governs digital financial services, mandating adherence to technology standards such as Triple (3) Data Encryption …
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank