Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-Tagging of Payment Terminals

Central Bank of Nigeria Directive
Summary

Mandates industry-wide migration to the ISO 20022 payment messaging standard and requires geo-tagging of payment terminals.

Applicability

Banks, payment service providers, switches, and payment terminal service providers.

Open Source Document ↗
Document Details
Date Issued
26 Aug 2025
Date Effective
26 Aug 2025
Compliance Deadline
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