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CBN Sets October 2025 Deadline for Banks, PoS Operators, Others to Upgrade to ISO 20022
The BusinessNG
|The Business NG
The Central Bank of Nigeria (CBN) has directed all banks and payment companies to upgrade their systems to a new global messaging standard
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called ISO 20022 and to link all payment terminals, such as Point-of-Sale (PoS) machines, to GPS locations by October 31, 2025.
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