The Central Bank of Nigeria, in collaboration with the Nigerian Electronic Fraud Forum (NeFF) and the Association of Mobile Money and Banking Agents of Nigeria (AMMBAN), is working on a feature for PoS terminals to identify potential fraudulent transactions. This feature will require specific Know Your Customer (KYC) details before processing certain transactions. The initiative, … Continue reading PoS terminals in Nigeria to be equipped with a feature that identifies potential fraud by end of Q1 ’24