CBN Moves to Deepen Payment System – Thisday


The Central Bank of Nigeria (CBN) has said that attaining the Payment System Vision 2020 (PSV 2020) would be the catalyst to revolutionise the payment system in Nigeria.

The Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun, said this at a workshop organised for financial journalists in Lagos yesterday.

Represented by the Deputy Director Banking and Payments System Department, Mr. Musa Jimoh, the central bank director said achieving the PSV 2020 would help facilitate economic activities as well as boost the financial inclusion drive of the CBN.

On his part, the Head/Project Manager, PSV 2020, Mr. Sam Okojere, stressed that the cash-less policy is the future of payments in Nigeria.

He noted that the PSV 2020 initiatives are aimed instituting a robust national payment system that is nationally utilised and internationally recognised.