QR code payments framework established by Central Bank of Nigeria

QR code payments framework - QR Code - Phone - Nigeria Flag

The CBN has announced that it has created a quick response barcode based transaction standard. The Central Bank of Nigeria (CBN) recently announced that it had established a QR code payments framework to be used as a standard in the country. The CBN explained that the guidelines align with its strategy for financial system safety and stability. The CBN specified that the new QR code payments framework is an important part of its overall mandate for making certain that the Nigerian financial system remain stable and safe. These guidelines are…

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