{"id":51037,"date":"2021-08-04T16:07:10","date_gmt":"2021-08-04T15:07:10","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=51037"},"modified":"2021-08-04T16:07:10","modified_gmt":"2021-08-04T15:07:10","slug":"cbn-releases-guidelines-for-payment-service-holding-companies","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cbn-releases-guidelines-for-payment-service-holding-companies\/","title":{"rendered":"CBN Releases Guidelines For Payment Service Holding Companies"},"content":{"rendered":"

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria.<\/p>\n

A circular issued by Mr Musa Jimoh, CBN\u2019s Director, Payments System Management Department instructed deposit money banks, payments service providers, and other financial institutions to take cognisance of new license cartigorisation for the Nigerian payments system.<\/p>\n

\u201cIt requires companies desirous of offering switching and processing services, and mobile money services to set up a PSHC structure such that activities of the subsidiaries are clearly delineated.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cThe CBN hereby issues the guidelines to facilitate the understanding of regulatory requirements for operations of PSHC in Nigeria. nan.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria.\u00a0<\/p>\n","protected":false},"author":6,"featured_media":37880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[36],"coauthors":[2391],"class_list":["post-51037","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cbn"],"yoast_head":"\nCBN Releases Guidelines For Payment Service Holding Companies - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/cbn-releases-guidelines-for-payment-service-holding-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN Releases Guidelines For Payment Service Holding Companies - 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