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CBN sets one-month deadline to end PoS failures with dual-connectivity

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CBN sets one-month deadline to end PoS failures with dual-connectivity

12 Dec, 2025

The Central Bank of Nigeria (CBN) has directed all acquirers, processors, payment terminal service providers and payment terminal service aggregators to establish mandatory dual connectivity that links Point-of-Sale transactions to both licensed Payment Terminal Service Aggregators, Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL), in a move aimed at eliminating the widespread failures associated with routing transactions through a single aggregator.......................….......READ MORE