CBN mandates local storage of payment data
The CBN has directed banks and fintechs to store payment transaction data generated in Nigeria on local servers from Jan 1, 2027, enhancing oversight and d Read More: https://punchng.com/cbn-orders-banks-fintechs-to-store-payment-data-locally/
The Central Bank of Nigeria has instructed banks and fintech companies to keep all payment transaction data within the country starting from January 1, 2027. This move aims to improve regulatory control and data management. The directive is part of broader efforts to strengthen financial oversight. It requires all digital payment platforms to comply with local data storage requirements. The policy is expected to impact how financial institutions handle customer information. The CBN emphasized the importance of data security and transparency. The regulation is intended to support national economic stability.
It enhances regulatory control and ensures data security within the financial sector.
📌 Kaynak
Bu özet Nigeria kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →