Payment Service Providers
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/N | LICENCE |
|---|---|
| 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/N | LICENCEE |
|---|---|
| 1. | Arca Payments Company Limited |
| 2. | Belema Financial Technology Limited |
| 3. | Chamswitch Limited |
| 4. | Coralpay Technology Nigeria Limited |
| 5. | eTranzact International Limited |
| 6. | Flutterwave Technology Solutions Limited |
| 7. | Habaripay Limited |
| 8. | Hydrogen Payment Services Limited |
| 9. | Interswitch Limited |
| 10. | Network International |
| 11. | Paystack Payment Limited |
| 12. | Remita Payment Service Limited |
| 13. | Say Switch Limited |
| 14. | Teamapt Limited |
| 15. | Terra Switching & Processing Company Limited |
| 16. | Unified Payment Services Limited |
| 17. | Uniswitch Technology Limited |
| 18. | Xpress Payments Solution Limited |
| 19. | Zone Payment Network Limited (Formerly Appzone Limited) |
D. PAYMENT SOLUTION SERVICES LICENCE (PSS) CATEGORY
i. PAYMENT SOLUTION SERVICE PROVIDER (PSSP) AUTHORISATION
| S/N | 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. | Bluesalt Financial Services Limited |
| 9. | BT Payments Services Nigeria Limited |
| 10. | Bud Infrastructure Limited |
| 11. | Callphone Limited |
| 12. | Capricorn Digital Limited |
| 13. | CBI Technologies Ltd |
| 14. | Cellulant Nigeria Limited |
| 15. | Centric Gateway Limited |
| 16. | Ceviant Payments Nigeria Limited |
| 17. | Clane Company Nig. Ltd. |
| 18. | Cyberpay Limited (Formerly known as Cyberspace Limited) |
| 19. | Demerge Nigeria Limited |
| 20. | Dot Financial Inclusion Technologies Limited |
| 21. | Duplo Limited |
| 22. | Easypay International Limited |
| 23. | Echezona Digital Gateway Limited |
| 24. | Egole Pay Limited |
| 25. | Elipa Payments Limited |
| 26. | End2end Technologies Limited |
| 27. | Epic Payment Technologies Limited |
| 28. | Ercas Integrated Solutions Limited |
| 29. | E-Settlement Limited |
| 30. | Eyowo Integrated Payments Limited |
| 31. | Fincra Technologies Limited |
| 32. | Fountain Payment Systems Solution |
| 33. | Gemspay Limited |
| 34. | Global Accelerex Limited |
| 35. | Gpay Instant Solution Limited |
| 36. | GTP Client Services Limited |
| 37. | Hea-Dew Solutions Nigeria Limited |
| 38. | Hellopay Africa Integrated Service Ltd. |
| 39 | ICAD Concord Limited |
| 40 | Infiniti Segments Limited |
| 41. | Integrated Revenue Collection and Management Solution(IRCMS) Limited |
| 42. | Irecharge Technology Innovations Limited |
| 43. | Irofit Technologies LimitedD |
| 44. | Itex Integrated Services Limited |
| 45. | Jupiter Payment Services Limited |
| 46. | Katsu Network Limited |
| 47. | Klasha Technologies Limited |
| 48. | Konetpay Nigeria Limited |
| 49. | Kora Payments | 50. | Leadremit Limited |
| 51. | Moment Nigeria Pay2 Ltd |
| 52. | Montra Technology Limited |
| 53. | Montra Technology Solutions Limited (Formerly Artha Fintech Limited) |
| 54. | Msia Oculus Technologies Limited |
| 55. | Multigate Payment Limited |
| 56. | Netapps Technologies Limited |
| 57. | Netplusdotcom Nigeria Limited |
| 58. | Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited) |
| 59. | Novac Payment Solutions Limited |
| 60. | Okra Technologies Limited |
| 61. | Olive Payment Solutions Limited |
| 62. | Onepipe.Io Services Ltd |
| 63. | Payaza Africa Limited |
| 64. | Payfixy Nigeria Limited (Formerly Innovate 1 Pay Limited) |
| 65. | Payinvert Limited |
| 66. | Paylode Services Limited |
| 67. | Paymi Solutions Limited |
| 68. | Paymishtech Limited |
| 69. | Paysure Technologies Limited |
| 70. | Payu Payments Nigeria Limited |
| 71. | Pethahiah Rehoboth International Limited |
| 72. | Pixelplay Systems Limited |
| 73. | Prophius Limited |
| 74. | Qrios Networks Limited |
| 75. | Redtech Limited |
| 76. | Resident Fintech Limited |
| 77. | Rexel Limited |
| 78. | R-Lab Limited |
| 79. | Routepay Fintech Limited |
| 80. | Saanapay Corporate Investments Management Limited (SAANACORP) |
| 81. | Shago Payments Ltd |
| 82. | SID Digital Limited |
| 83. | Simplify International Synergy Limited |
| 84. | Smile Identity Nigeria Limited |
| 85. | Soft Alliance & Resources Limited |
| 86. | Spay Business Solutions Limited |
| 87. | Spout Payment Solutions |
| 88. | Swift Link-NZ Global Services Ltd. |
| 89. | Swift Paygate Limited |
| 90. | SWWIPE Financial Services Limited (Formerly Parkway Projects Limited) |
| 91. | Teinnovate Capital Limited |
| 92. | Touch & Pay Technologies Limited |
| 93. | Traction Payments Limited |
| 94. | Transactworld Digital Services Limited |
| 95. | Unlimint Nigeria Ltd |
| 96. | Upperlink Limited |
| 97. | Value Payment Solutions Limited |
| 98. | Vas2net Technologies Ltd |
| 99. | Vendy Limited |
| 100. | Venture Garden Nigeria Limited |
| 101. | Vestrapay Nigeria Limited |
| 102. | Voguepay Web Solution Limited |
| 103. | Waxed Mobile Nigeria Ltd |
| 104. | Waya Multilinks Technologies Limited |
| 105. | Wingtip Flow Limited |
| 106. | Woven Finance Limited |
| 107. | Zest Payments Limited (Stanbic Financial Services Limited) |
ii. PAYMENT TERMINAL SERVICES PROVIDER (PTSP) AUTHORISATION
| S/N | LICENCE |
|---|---|
| 1. | 3gee Pay Limited |
| 2. | 3Line Card Management |
| 3. | 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. | Intergrated Revenue Collection and Management Solution (IRCMS) Limited |
| 25. | Intellifin Solution Limited |
| 26. | Itex Integrated Services Limited |
| 27. | Irofit Technologies Limited |
| 28. | Jupiter Payment Services Limited |
| 29. | Karrabo Financial Solutions Limited |
| 30. | Katsu Network Limited |
| 31. | Konetpay Nigeria Limited |
| 32. | Netplusdotcom Nigeria Limited |
| 33. | Netop Business Systems Limited |
| 34. | Nomba Financial Services Limited (Fromerly Cosmic Intelligence Lab Limited) |
| 35. | Olive Payment Solutions Limited |
| 36. | Onecard Topup Services Limited |
| 37. | Paymi Solutions Limited |
| 38. | Prophius Limited |
| 39. | Reedpriceman Technologies Limited |
| 40. | Shago Payments LTD |
| 41. | Soti Investments Limited |
| 42. | Spout Payment Solutions |
| 43. | Swift Link-NZ Global Services LTD |
| 44. | Traction Payments Limited |
| 45. | Waxed Mobile Nigeria LTD |
| 46. | Upperlink Limited |
| 47. | Wi-Pay |
iii. SUPER-AGENT AUTHORISATION
| S/N | 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. | Horizonpay Nigeria Limited |
| 31. | Infibranches Technology Limited |
| 32. | Intergrated Revenue Collection and Management Solution (IRCMS) Limited |
| 33. | Interswitch Financial Inclusion Services Limited |
| 34. | Irofit Technologies Limited |
| 35. | Itex Integrated Services Limited |
| 36. | Jupiter Payment Services Limited |
| 37. | Kadick Integrated Limited |
| 38. | Katsu Network Limited |
| 39. | Liberty Pay Limited |
| 40. | Lukeport Nigeria Limited |
| 41. | Microsystems Investment And Development Limited |
| 42. | Moneymaster Limited |
| 43. | Montra Technology Solutions Limited (Formerly Artha Fintech Limited) |
| 44. | Nigerian Postal Service (NIPOST) |
| 45. | Nomba Financial Services Limited (Formerly Cosmic Intelligence Lab Limited) |
| 46. | Olive Payment Solutions Limited |
| 47. | Olivepeak International Limited |
| 48. | Paycluster Technology Limited |
| 49. | Paygo Limited |
| 50. | Paymi Solutions Limited |
| 51. | Shago Payments Ltd |
| 52. | Spout Payment Solutions |
| 53. | Supplysmart Nigeria Limited |
| 54. | Swift Link-Nz Global Services Ltd |
| 55. | Traction Payments Ltd |
| 56. | Transbill Solution Limited |
| 57. | Upperlink Limited |
| 58. | Vatebra Pay Limited |
| 59. | Waxed Mobile Nigeria Ltd |
| 60. | Xchange Box Solutions Limited |
| 61. | 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.
- Implementation of the Global Mobile Payments Monitoring & Regulation System
- Guidelines on International Mobile Money Remittance Service in Nigeria
- Guidelines for the Operation of Treasury Single Account (TSA) by State Governments in Nigeria
- Guidelines on Operations of Electronic Payment Channels in Nigeria
- Circular on the Implementation of Interchange Fee
- Guidelines on Securities Settlement in Nigeria
- Regulation For Direct Debit Scheme in Nigeria, (Revised)
- Regulation For Bill Payments in Nigeria.
- Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System
- Regulation on Instant (Inter-Bank) Electronic Funds Transfer Services in Nigeria
- Regulation on Electronic Payments and Collections for Public and Private sector in Nigeria
- Regulation for the Operation of Indirect Participants in the Payments System
- Guideline on Nigerian Payments System Risk and Information Security Management Framework
- Revised Standards on Nigeria Uniform Bank Account Number (NUBAN) for Banks and Other Financial Institutions
- Guidelines on Operations of Electronic Payment Channels in Nigeria
- New Licence Categorisation for Nigerian Payments Service Providers
- Receipt of Diaspora Remittances: Additional Operational Guidelines
- Issuance of the Framework for Regulatory Sandbox Operations
- Framework for Quick Response (QR) Code Payments in Nigeria
- Circular on the Regulatory Framework on Open Banking in Nigeria
- New Licence Requirements for the Payments System
- Regulatory Framework on Non-bank Merchant Acquiring in Nigeria
- Supervisory Framework for Payment Service Banks
- Framework and Guidelines on Mobile Money Services in Nigeria
- Guidelines for Licensing and Regulation of Payments Service Holding Companies in Nigeria
- Operational Guidelines for Open Banking in Nigeria
- Guidelines for Contactless Payments in Nigeria
- Regulatory Framework for the Agent Banking in Nigeria