In a circular to all Payment Service Providers, PSPs on connectivity to payment terminal service aggregators, the apex bank handed a 30-day deadline to PSPs to regularise with Payment Terminal Service Aggregators, PTSA.
According to the circular by CBN’s Director of Payments System Management, Oladimeji Taiwo, CBN directed acquirers to route all transactions from PoS terminals at merchant and agent locations, whether on physical or electronic PoS terminals, through any CBN-licensed Payment Terminal Service Aggregator.
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