CBN pegs daily transaction limits to N50,000 for contactless payment
By Newslineglobal Central Bank of Nigeria (CBN) has pegged daily transaction limits to N50,000 for contactless payment. The apex bank, in a circular on Tuesday, signed by its director, payments system management department ,Musa Jimoh, said due to the risks associated with contactless payments, “verification and authorisation would be required for transactions above the limits”. “Following…
