CBN suspends implementation of interchange fee

by | April 20, 2017 7:50 pm



The Central Bank of Nigeria (CBN) on Thursday suspended the implementation of interchange regime until further notice. The CBN had in a circular of November 1, 2016 communicated the discontinuance of Merchant Service Charges (MSC) by May 1, 2017 and its subsequent replacement with the implementation of interchange regime. However, in a new circular signed…

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