Regulatory Framework for mobile payments in Nigeria

This regulatory framework was developed to conform to international best practice and standards. It is also a product of vigorous engagement and consultations with stakeholders.
After identifying person to person payments (over the mobile phone infrastructure) as a practical strategy for financial inclusion of the un-banked, the Central Bank of Nigeria opted for the creation of an enabling regulatory environment as a policy path towards achieving availability, acceptance and usage of mobile payments services in Nigeria. The overriding vision is to achieve a nationally utilized and internationally recognized payments system.

Want to understand the regulatory space…in Nigeria, you can pull the full doc here

An Africa based entrepreneur in the pursuit of opportunities without regard to resources currently controlled striving to build services that have real-world value for my beloved continent and beyond while having fun along the way.
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