In a bid to ensure uninterrupted and efficient transactions for users of foreign-issued payment cards across Nigeria, the Central Bank of Nigeria CBN has directed banks and non-bank acquirers to configure all automated teller machines ATMs, POS, and virtual terminals to accept international cards with Nigerian acquirers, comply fully with card association standards, and possess the necessary certifications to enable seamless transaction processing.
The apex bank disclosed this in a circular signed by the Director, Financial Policy and Regulation Department, Dr. Rita Sike.
