Central Bank of Nigeria Revokes Licenses of 7 PSPS and 1 SSP

Central Bank of Nigeria Revokes Licenses of 7 PSPS and 1 SSP

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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