BREAKING NEWS: CBN SETS 50k DAILY LIMIT ON CONTACTLESS PAYMENTS
The Central Bank of Nigeria (CBN) has pegged daily transaction limits to N50,000 for contactless payment. Contactless payments are a secure and convenient method of making transactions without physical contact between a payment device, such as pre-paid, debit, and credit cards, key fobs, mobile electronic devices, and wearable devices. It utilises near-field communication (NFC) technology, …
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