Pegasus Reporters Issues on the Wing
“Higher-value contactless payments are transactions that exceed the above stated limits and shall require appropriate verification and authorisation. For these transactions, existing Know Your Customer (KYC) requirements and limits on the electronic payment channels shall apply.” PEGASUS REPORTERS, LAGOS | JUNE 30, 2023 The Central Bank of Nigeria, CBN, has placed a N50,000 daily limit on contactless payments either ...
Read More »FG fires warning salvo at 419 fraudsters as CBN limits transactions via contactless payments to N15,000 per withdrawal
