Nigeria's financial technology sector continues to expand rapidly under the Central Bank of Nigeria's (CBN) evolving regulatory supervisory framework. Payment Service Solution Providers (PSSP), Mobile Money Operators (MMO), and payment gateways face stringent capital reserves and compliance benchmarks.
Understanding the clear boundaries between payment switching, merchant acquiring, and deposit-taking activity is vital for fintech founders structuring new digital payment channels.
We break down regulatory sandbox entry requirements, escrow deposit rules, and SEC crowdfunding guidelines for digital asset platforms.
