The Central Bank of Nigeria (CBN) recently released regulations and guidelines for the operations of Payment Service Banks (PSBs) in Nigeria.
PSBs could revolutionise the Nigeria financial services industry, and be potential challengers to the incumbents in the industry, as they usher in a new era of innovative payments to customers.
KPMG has developed a point of view on this development and provided detailed perspectives on the issues in this publication (Payment Service Banks - The 'Challenger' Banks in Nigeria) including:
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