Introduction | Retails Payments | Modes | Large Value Payments | PSV2020 | Oversight | Payments Service Providers | BVN | Circulars | Guidelines | e-Payment Statistics | International Money Transfer Operators

Mobile Money Operators

Non-Bank Led (Commercial Licence)

1. Cellulant Nigeria Limited
2. Chams Plc
3. Contec Global Infotech Limited
4. eTranzact International Plc
5. Funds and Electronics Transfer Solution (FETS)
6. Fortis Mobile Money Limited
7. Hedonmark Management Services Limited
8. MKudi Limited
9. Pagatech Limited
10. Palmpay Limited
11. Parkway Projects Limited
12. PayCom Nigeria Limited
13. Teasy International Company Limited
14. Virtual Terminal(VT) Network Limited
15. Visual ICT Limited
16. Zinternet Nigeria Limited

Payment Solution Service Providers (PSSP)

Commercial Licence

1. Arca Payments Company Limited
2. Cellulant Nigeria Limited
3. CoralPay Limited
4. Cyberspace Limited
5. Ercas Integrated Solutions Limited
6. eTranzact International Plc
7. Eyowo Integrated Payments Limited
8. Flutterwave Technology Solutions Service
9. Global Accelerex Limited
10. Infiniti Segments Limited
11. Inlaks Limited
12. Interswitch Nigeria Limited
13. Netplus Strategy & Sales Advisory Limited
14. Parkway Projects Limited
15. Paystack Payments Limited
16. Pethalhial Rehooth International
17. PayU Payments Nigeria Limited
18. Qrios Network Limited
19. Saana Corporate Investments Management Limited
20. Soft Alliance & Resources Limited
21. SystemsSpecs limited
22. Unified Payments Nigeria Limited
23. Upperlink Limited
24. Vas2net Technologies Limited
25. Venture Garden Limited
26. Xpress Payment Solutions Limited

Payments Terminal Service Provider (PTSP)

Commercial Licence

1. Arca Payments Company Limited
2. Bizzdesk Global Solutions Limited
3. Brinq Africa (Corenett)
4. Citiserve Limited
5. Computer Warehouse Group Limited
6. Etop Nigeria Limited
7. Fidesic Nigeria Limited
8. Funds and Electronic Transfer (FETS) Limited
9. Global Accelerex Limited
10. Intellifin Solutions Limited
11. Interswitch Limited
12. Itex Integrated Services Limited
13. Netop Business Systems Limited
14. Netplus Strategy & Sales Advisory Limited
15. Unified Payments Services Limited
16. Payments Solutions Limited

Card Scheme/Payment Scheme

1. 3 Line Card Management Limited
2. American Express International
3. Mastercard International
4. Payattiude Limited
5. Verve International
6. Visa International Services Association

Super-Agents

Commercial Licence

1. 3Line Card Management
2. Capricon Digital Limited
3. Inlaks Computer Limited
4. Innovatives Limited
5. Interswitch Financial Inclusion services (IFIS) Limited
6. Itex Integrated Services Limited
7. Microsystems Investment and Development Limited
8. Nigerian Postal Service (NIPOST)
9. Teamapt Limited
10. Unified Payment Services Limited
11. Xpress Payments Solutions Limited
12. Y'ello Digital Financial Services Limited

Switches

Commercial Licence

1. ARCA Networks Limited
2. Chams Switch Limited
3. CoralPay Technologies Nigeria Limited
4. eTranzact International Plc
5. Interswitch Nigeria Limited
6. Unified Payments Services Limited
7. Xpress Payments Solutions Limited

Third Party Processors (TPP)

Commercial Licence

1. eTranzact International Plc
2. Interswitch Limited
3. Network International Payment Services Nigeria Limited
4. Unified Payment Service Limited
5. Xpress Payment Solutions 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:

1. Agent Banking Framework
2. Regulatory Framework for Mobile Payment Services in Nigeria
3. PoS Guidelines
4. Switching/Stored Value Guidelines Standard
5. Standard and Guidelines on ATM Operations in Nigeria
6. Non Compliance with CBN Circular on ATM Deployment
7. Cash Withdrawals and Lodgments
8. Operational Rules and Regulations for the Nigeria Central Switch (NCS)
9. Guidelines for Handling Complaints on Electronic Card Transactions
10. Penalty for non-compliance with CBN Circulars and Guidelines on ATM Operations
11. Guidelines on Stored Value/Prepaid Card Issuance Operations
12. Guidelines on Direct Debit
13. Circular on the Need to Combat Card Fraud
14. Guidelines on Cheque Truncation
15. Guidelines on e-Payments of Salaries/Pensions
16. Standards for Electronic Payments to Government Suppliers
17. Guidelines on Nigeria Direct Debit Scheme
18. Nigerian Uniform Bank Account Number Standards (N.U.B.A.N)
19. Electronic Payment for MDAs with Accounts with the CBN
20. Circular to DMBs IRO Clearing of Financial Instruments of Liq/Legacy Banks
21. Accreditation and Re-Accreditation of Cheque Printers
22. Penalty for non-compliance with CBN Circulars and Guidelines on ATM Operations, etc.