CBN cash limits put pressure on e-payment channels

Need to adopt e-payment channels as cashless policy comes to stay

Nigeria's electronic payment infrastructure will face intense pressure from January 9, 2023, when the new withdrawal limit policy announced by the Central Bank of Nigeria (CBN) comes into force. The apex bank had, in a letter to banks and other financial institutions on Tuesday, slashed the limit

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```