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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


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


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


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)



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)


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


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..


1. Interswitch PSHC Nigeria Limited


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:
  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.




Exchange Rates (NGN)
As at June 20, 2024
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