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CBN Says Interchange Fee to Replace Merchant Service Charge Effective May 01, 2017

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With the introduction of the Cash-Less Nigeria Project and the release of the Guidelines on PoS Card Acceptance Services, the CBN outlined the Merchant Services Charge (MSC) and the modalities for its operation in the payments system. This hard enhanced the issuance and utilization of cards transaction in the country and brought structure to the ...

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