Licensed Payments Service Providers
Introduction |
Retails Payments |
Modes |
Large Value Payments |
PSV2020 |
PSV2025 |
Oversight |
Payments Service Providers |
BVN |
Circulars |
Guidelines |
e-Payment Statistics |
International Money Transfer Operators
A. CARD/PAYMENT SCHEMES
| S/N | LICENCEE |
|---|---|
| 1. | 3Line Card Management Limited |
| 2. | Afrigo Financial Services Limited |
| 3. | American Express International |
| 4. | Mastercard International |
| 5. | Payattitude |
| 6. | Unionpay International |
| 7. | Verve International |
| 8. | Visa International Service Association |
B. MOBILE MONEY OPERATOR LICENCE CATEGORY
| S/NO | LICENCEE |
|---|---|
| 1. | Abeg Technologies Limited |
| 2. | Chams Mobile |
| 3. | eTranzact International Limited |
| 4. | Fortis Mobile Money Limited |
| 5. | Funds And Electronic Transfer (FETS) Limited |
| 6. | Hedonmark Management Services Limited |
| 7. | KongaPay Technologies Limited (Formerly Zinternet Limited ) |
| 8. | Mkudi Limited |
| 9. | NowNow Digital Systems Limited (Formerly Contec Global Infotech Limited) |
| 10. | Opay Digital Services Limited (Formerly Paycom Nigeria Limited) |
| 11. | Pagatech Limited |
| 12 | PalmPay Limited |
| 13. | Parkway Projects Limited. |
| 14. | Teasy International Company Ltd. |
| 15. | Visual ICT Limited |
| 16. | VTNetwork Limited |
| 17. | Xpress MTS Limited |
C. SWITCHING & PROCESSING LICENCE CATEGORY
| S/NO | LICENCEE |
|---|---|
| 1. | Arca Payments Company Limited |
| 2. | Chamswitch Limited |
| 3. | Coralpay Technology Nigeria Limited |
| 4. | eTranzact International Limited |
| 5. | Flutterwave Technology Solutions Limited |
| 6. | Habaripay Limited |
| 7. | Hydrogen Payment Services Limited |
| 8. | Interswitch Limited |
| 9. | Network International |
| 10. | Paystack Payment Limited |
| 11. | Remita Payment Service Limited |
| 12. | Say Switch Limited |
| 13. | Teamapt Limited |
| 14. | Terra Switching & Processing Company Limited |
| 15. | Unified Payment Services Limited |
| 16. | Uniswitch Technology Limited |
| 17. | Xpress Payments Solution Limited |
| 18. | Zone Payment Network Limited (Formerly Appzone Limited) |
D. PAYMENT SOLUTION SERVICES LICENCE (PSS) CATEGORY
i. PAYMENT SOLUTION SERVICE PROVIDER (PSSP) AUTHORISATION
| S/NO | LICENCE |
|---|---|
| 1. | Afara Partners Limited |
| 2. | Akupay Services Limited |
| 3. | Aliancepay Limited |
| 4. | Angala Financial Technologies Limited |
| 5. | Appmart Integrated Limited |
| 6. | Bestaff Payment Solutions Limited |
| 7. | Betastack Technology Limited |
| 8. | Blusalt Financial Services Limited |
| 9. | Bud Infrastructure Limited |
| 10. | Callphone Limited |
| 11. | Capricorn Digital Limited |
| 12. | CBI Technologies Ltd |
| 13. | Cellulant Nigeria Limited |
| 14. | Centric Gateway Limited |
| 15. | Ceviant Payments Nigeria Limited |
| 16. | Clane Company Nig. Ltd. |
| 17. | Cyberpay Limited (Formerly known as Cyberspace Limited) |
| 18. | Demerge Nigeria Limited |
| 19. | Dot Financial Inclusion Technologies Limited |
| 20. | Duplo Limited |
| 21. | Easypay International Limited |
| 22. | Egole Pay Limited |
| 23. | Epic Payment Technologies Limited |
| 24. | Ercas Integrated Solutions Limited |
| 25. | E-Settlement Limited |
| 26. | Eyowo Integrated Payments Limited |
| 27. | Fincra Technologies Limited |
| 28. | Fountain Payment Systems Solution |
| 29. | Gemspay Limited |
| 30. | Global Accelerex Limited |
| 31. | Gpay Instant Solution Limited |
| 32. | GTP Client Services Limited |
| 33. | Hea-Dew Solutions Nigeria Limited |
| 34. | Hellopay Africa Integrated Service Ltd. |
| 35 | ICAD Concord Limited |
| 36 | Infiniti Segments Limited |
| 37. | Irecharge Technology Innovations Limited |
| 38. | Irofit Technologies LimitedD |
| 39. | Itex Integrated Services Limited |
| 40. | Katsu Network Limited |
| 41. | Konetpay Nigeria Limited |
| 42. | Kora Payments | 43. | Leadremit Limited |
| 44. | Moneta Technology Ltd |
| 45. | Montra Technology Solutions Limited (Formerly Artha Fintech Limited) |
| 46. | Multigate Payment Limited |
| 47. | Netapps Technologies Limited |
| 48. | Netplusdotcom Nigeria Limited |
| 49. | Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited) |
| 50. | One Payment Limited |
| 51. | Onepipe.Io Services Ltd |
| 52. | Payaza Africa Limited |
| 53. | Payfixy Nigeria Limited (Formerly Innovate 1 Pay Limited) |
| 54. | Paylode Services Limited |
| 55. | Paymishtech Limited |
| 56. | Paysure Technologies Limited |
| 57. | Payu Payments Nigeria Limited |
| 58. | Pethahiah Rehoboth International Limited |
| 59. | Prophius Limited |
| 60. | Qrios Networks Limited |
| 61. | Redtech Limited |
| 62. | Resident Fintech Limited |
| 63. | Rexel Limited |
| 64. | Routepay Fintech Limited |
| 65. | Saanapay Corporate Investments Management Limited (SAANACORP) |
| 66. | Shago Payments Ltd |
| 67. | Simplify International Synergy Limited |
| 68. | Smile Identity Nigeria Limited |
| 69. | Soft Alliance & Resources Limited |
| 70. | Spay Business Solutions Limited |
| 71. | Spout Payment Solutions |
| 72. | Swift Link-NZ Global Services Ltd. |
| 73. | Swift Paygate Limited |
| 74. | SWWIPE Financial Services Limited (Formerly Parkway Projects Limited) |
| 75. | Touch & Pay Technologies Limited |
| 76. | Teinnovate Capital Limited |
| 77. | Traction Payments Limited |
| 78. | Transactworld Digital Services Limited |
| 79. | Unlimint Nigeria Ltd |
| 80. | Upperlink Limited |
| 81. | Vas2net Technologies Ltd |
| 82. | Vendy Limited |
| 83. | Venture Garden Nigeria Limited |
| 84. | Vestrapay Nigeria Limited |
| 85. | Voguepay Web Solution Limited |
| 86. | Waxed Mobile Nigeria Ltd |
| 87. | Waya Multilinks Technologies Limited |
| 88. | Woven Finance Limited |
| 89. | Zest Payments Limited (Stanbic Financial Services Limited) |
ii. PAYMENT TERMINAL SERVICES PROVIDER (PTSP) AUTHORISATION
| S/NO | LICENCE |
|---|---|
| 1. | 3gee Pay Limited |
| 2. | 3Line Card Management |
| 2. | Appmart Integrated Limited |
| 4. | Bestaff Payment Solutions Limited |
| 5. | Betastack Technology Limited |
| 6. | Bizzdesk Global Solutions Limited |
| 7. | Blusalt Financial Services Limited |
| 8. | Callphone Limited |
| 9. | Capricorn Digital Limited |
| 10. | CBI Technologies Ltd |
| 11. | Clane Company Nig. Ltd. |
| 12. | Citiserve Limited |
| 13. | Computer Warehouse Group |
| 14. | C24 Limited |
| 15. | Cyberpay Limited (Formerly known as Cyberspace Limited) |
| 16. | Dot Financial Inclusion Technologies Limited |
| 17. | Egole Pay Limited |
| 18. | Epic Payment Technologies Limited |
| 19. | Etop Nigeria Limited |
| 20. | Eyowo Integrated Payments Limited |
| 21. | Funds Konnect Limited (Formerly Funds and Electronic Transfers (FETs)Limited) |
| 22. | Fidesic Nigeria Limited |
| 23. | Global Accelerex Limited |
| 24. | Intellifin Solution Limited |
| 25. | Itex Integrated Services Limited |
| 26. | Irofit Technologies Limited |
| 27. | Karrabo Financial Solutions Limited |
| 28. | Katsu Network Limited |
| 29. | Konetpay Nigeria Limited |
| 30. | Netplusdotcom Nigeria Limited |
| 31. | Netop Business Systems Limited |
| 32. | Nomba Financial Services Limited (Fromerly Cosmic Intelligence Lab Limited) |
| 33. | Onecard Topup Services Limited |
| 34. | Prophius Limited |
| 35. | Reedpriceman Technologies Limited |
| 36. | Shago Payments LTD |
| 37. | Soti Investments Limited |
| 38. | Spout Payment Solutions |
| 39. | Swift Link-NZ Global Services LTD. |
| 40. | Traction Payments Limited |
| 41. | Waxed Mobile Nigeria LTD. |
| 42. | Wi-Pay |
iii. SUPER-AGENT AUTHORISATION
| S/NO | LICENCE |
|---|---|
| 1. | 3Line Card Management |
| 2. | 5554 Technologies Limited |
| 3. | Accelerex Networks Limited |
| 4. | Africa Mama Atm Limited |
| 5. | Africave Technologies Limited |
| 6. | Airtel Mobile Commerce Nigeria Limited (Airtel) |
| 7. | Allstream Information Technology Solutions Limited |
| 8. | Angala Financial Technologies Limited |
| 9. | Appmart Integrated Limited |
| 10. | ATN Wayya Limited |
| 11. | Bestaff Payment Solutions Limited |
| 12. | Betastack Technology Limited |
| 13. | C24 Limited |
| 14. | Callphone Limited |
| 15. | Capricorn Digital Limited |
| 16. | CBI Technologies Ltd |
| 17. | Cicoserve Payments Limited |
| 18. | Citiserve Limited |
| 19. | Clane Company Nig. Ltd. |
| 20. | Connectpoint Technology Solutions Limited. |
| 21. | Crowd Force Limited (Formerly Mobile Forms Limited). |
| 22. | Dot Financial Inclusion Technologies Limited. |
| 23. | Egole Pay Limited. |
| 24. | Epic Payment Technologies Limited |
| 25. | Errand P Limited. |
| 26. | E-Settlement Limited. |
| 27. | Fountain Payment Systems Solution. |
| 28. | Fucil Datatech Limited. |
| 29. | Gwills Payments Service Limited. |
| 30. | Infibranches Technology Limited. |
| 31. | Innovectives Limited. |
| 32. | Interswitch Financial Inclusion Services Limited. |
| 33. | Irofit Technologies Limited. |
| 34. | Itex Integrated Services Limited. |
| 35. | Kadick Integrated Limited. |
| 36. | Katsu Network Limited |
| 37. | Lukeport Nigeria Limited. |
| 38. | Microsystems Investment And Development Limited. |
| 39. | Moneymaster Limited. |
| 40. | Montra Technology Solutions Limited (Formerly Artha Fintech Limited) |
| 41. | Nigerian Postal Service (NIPOST) . |
| 42. | Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited) |
| 43. | Paycluster Technology Limited. |
| 44. | Paygo Limited. |
| 45. | Shago Payments Ltd. |
| 46. | Spout Payment Solutions. |
| 47. | Swift Link-Nz Global Services Ltd.. |
| 48. | Traction Payments Ltd.. |
| 49. | Vatebra Pay Limited.. |
| 50. | Waxed Mobile Nigeria Ltd. |
| 51. | Xchange Box Solutions Limited |
| 52. | Y'ello Digital Financial Services.. |
E. PAYMENTS SERVICE HOLDING CATEGORY
| SN | LICENCE |
|---|---|
| 1. | Interswitch PSHC Nigeria Limited |
F. PAYMENTS TERMINAL SERVICE AGGREGATOR CATEGORY
| SN | LICENCE |
|---|---|
| 1. | Nigeria Inter-Bank Settlement System PLC |
| 2. | Unified Payment Services Limited |
Clearing House
Following the implementation of Cheque Truncation, there is only one (1) Clearing House in Nigeria (i.e. Nigeria Inter-Bank Clearing and Settlement System).
Framework, Policies, Guidelines and Circulars
These are various regulations and rules put in place by the Central Bank of Nigeria in collaboration with the key Stakeholders in the industry. Some of these are as listed below:- Agent Banking Framework
- Regulatory Framework for Mobile Payment Services in Nigeria
- PoS Guidelines
- Switching/Stored Value Guidelines Standard
- Standard and Guidelines on ATM Operations in Nigeria
- Non Compliance with CBN Circular on ATM Deployment
- Cash Withdrawals and Lodgments
- Operational Rules and Regulations for the Nigeria Central Switch (NCS)
- Guidelines for Handling Complaints on Electronic Card Transactions
- Penalty for non-compliance with CBN Circulars and Guidelines on ATM Operations
- Guidelines on Stored Value/Prepaid Card Issuance Operations
- Guidelines on Direct Debit
- Circular on the Need to Combat Card Fraud
- Guidelines on Cheque Truncation
- Guidelines on e-Payments of Salaries/Pensions
- Standards for Electronic Payments to Government Suppliers
- Guidelines on Nigeria Direct Debit Scheme
- Nigerian Uniform Bank Account Number Standards (N.U.B.A.N)
- Electronic Payment for MDAs with Accounts with the CBN
- Circular to DMBs IRO Clearing of Financial Instruments of Liq/Legacy Banks
- Accreditation and Re-Accreditation of Cheque Printers
- Penalty for non-compliance with CBN Circulars and Guidelines on ATM Operations, etc.
