Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline

July 20, 2026

Mbappe Becomes First Player to Win World Cup Golden Boot Twice 

July 20, 2026

NRS sets July 31 deadline for large companies to comply with e-invoicing

July 20, 2026
Facebook X (Twitter) Instagram
Trending
  • ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline
  • Mbappe Becomes First Player to Win World Cup Golden Boot Twice 
  • NRS sets July 31 deadline for large companies to comply with e-invoicing
  • Spain set all-time unbeaten record with World Cup final win
  • Senegal President Diomaye Faye elected new ECOWAS chairman
  • Burna Boy, Shakira, BTS, Others Wow Fans At Historic FIFA’s First-Ever World Cup Final Halftime Show
  • Tinubu urges ECOWAS to condemn Xenophobic attacks in South Africa, backs regional integration compact
  • Michael Olise breaks Pelé’s 56 year old World Cup assist record
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Business»CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL
Business

CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL

VardiafricaBy VardiafricaDecember 13, 2025Updated:December 13, 2025No Comments13 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and Payment Terminal Service Providers (PTSPs) to implement dual connectivity for point of sale (PoS) transactions within one month, as part of efforts to strengthen transaction reliability and reduce service disruptions.

In a circular dated December 11, 2025, signed by Rakiya Yusuf, the CBN’s director of the payments system supervision department, the apex bank stated: “Mandatory Dual Connectivity –All Acquirers, Processors, and Payment Terminal Service Providers (PTSPs) shall establish and maintain active connectivity with both licensed Payments Terminal Service Aggregators (PTSAs), namely the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL).”

The directive also requires that all transaction routing systems be integrated with both aggregators to ensure uninterrupted processing and automatic failover whenever one platform experiences downtime. The CBN explained that routing systems must be able to switch seamlessly between the two providers to prevent transaction failures during disruptions.

To ensure the redundancy works effectively, the CBN further mandated periodic testing. It said: “Testing & Validation – NIBSS and UPSL, in collaboration with regulated Financial institutions, shall conduct periodic tests to validate redundancy, failover effectiveness, and overall system resilience.”

The apex bank also instructed both NIBSS and UPSL to provide immediate notice of any disruption and follow up with formal reporting to the regulator. According to the circular: “NIBSS and UPSL are required to notify Director, Payments System Supervision Department, of any system downtime or service disruption affecting its platforms and services within 24 hours of the occurrence, stating the nature, causes and remedied actions.”

The CBN added that all regulated financial institutions must meet the deadline, stressing that they are required to “comply with this directive within one (1) month from the date of this circular”.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

NRS sets July 31 deadline for large companies to comply with e-invoicing

July 20, 2026

Tony Elumelu to retire as UBA chairman, Nnorom to take over

July 6, 2026

FG Approves free CAC Registration for 250,000 MSMEs Nationwide

June 28, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025348

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Africa
Africa By VardiafricaJuly 20, 20262 Mins Read4

ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline

By VardiafricaJuly 20, 20264 Africa Updated:July 20, 202602 Mins Read

The Summit of Heads of State and Government of the member countries of the Economic Community…

Mbappe Becomes First Player to Win World Cup Golden Boot Twice 

July 20, 2026

NRS sets July 31 deadline for large companies to comply with e-invoicing

July 20, 2026

Spain set all-time unbeaten record with World Cup final win

July 20, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline

July 20, 2026

Mbappe Becomes First Player to Win World Cup Golden Boot Twice 

July 20, 2026

NRS sets July 31 deadline for large companies to comply with e-invoicing

July 20, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025348

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.