The Central Bank of Nigeria (CBN) has revoked the operating licenses of 7 payment service providers and one switch service provider. These entities have failed to meet their statutory obligations, according to a Federal Republic of Nigeria Gazette.
The 7 payment service providers are:
- Easifuel Limited
- Transaction Processing System (TPS)
- Grand Towers Limited
- Paymaster Limited
- E-Revenue Gateway Limited
- Eartholeum Network Limited
- Globasure Limited.
The affected switch service provider is 3Line Card Management Limited.
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