Update On Globasure’s Revoked PTSP Licensees By CBN January 4, 2021 News No Comments The Central Bank of Nigeria (CBN) has revoked the operating licenses of Seven (7) Payment Services Providers. This was contained in an official gazette document published on the CBN website. Read Also: Access Bank brings Banking to the doorstep of Nigerians with over 50,000 Closa Agents The affected service providers were listed under schedule I and II. The seven (7) Payment Services Providers listed in Schedule I below, have : (a) ceased to carry on, in Nigeria. the type of business for which their licences were issued for a continuous period of 6 months ; (b) failed to fulfil or comply with the conditions subject to which their licences were granted ; and (c) failed to comply with the obligations imposed upon them by the Central Bank of Nigeria in accordance with the provisions of Banks and Other Financial Institutions Act (BOFIA) Cap B3, Laws of the Federation of Nigeria, 2004. The Payment Service Provider listed in Schedule II below has : (a) ceased to carry on, in Nigeria, the business of being a switch company for which its licence was issued for a continuous period of 6 months. (b) failed to fulfil or comply with the conditions subject to which their licences were granted ; and (c) failed to comply with the obligations imposed upon them by the List of Payment Service Providers Whose Licences Were Revoked Easyfuel Limited. Transaction Processing System (TPS). Grand Towers Limited. Paymaster Limited. E-Revenue Gateway Limited. Eartholeum Network Limited. Globasure Limited. We made the list of revoked PTSP licensees. We have been very active and have been performing our licensed responsibilities and servicing our partner banks efficiently. We currently manage thousands of active POS terminals for banks and FINTECHs. We believe that Globasure shouldn’t be in that list. We are now in contact with the CBN to get this resolved and get our operating licensed reinstated. We will keep you updated. Paul Fakayejo cbn, globasure Request a free consultation We provide end to end payment solutions. Contact Us More from our blog See all posts CBN Bans Fintech Companies From Providing BVN Validation Services For Customers The Central Bank of Nigeria has reportedly banned fintech companies and other… Continue reading Nigeria’s Ngozi Okonjo-Iweala appointed WTO director-general Some days ago, History was made in Africa especially in Nigeria as… Continue reading BREAKING: CBN bans Nigerians from buying, selling bitcoin, other cryptos Central Bank of Nigeria has ordered banks and other financial institutions to close… Continue reading VAT Revenue Grew By 29.3% To ₦1.53 Trillion In 2020 – NBS The Nigerian government generated a total sum of 1.53 trillion naira revenue… Continue reading CBN issues modalities for payout of diaspora remittances in dollars The Central Bank of Nigeria (CBN) has issued a circular setting out… Continue reading CBN issues framework for Regulatory Sandbox Operations in Nigeria Ths Central Bank of Nigeria has taken proactive steps towards ensuring more… Continue reading Elon Musk Now World’s Richest Person With Over $185 Billion Net Worth Elon Musk with a new net worth of more than $185 billion… Continue reading Access Bank brings Banking to the doorstep of Nigerians with over 50,000 Closa Agents In its bid to continue driving and leading in Innovation by leveraging… Continue reading Prev. Post All Posts Next Post Total: 0 0 0 0 0 0 No Comments Recent Posts CBN Bans Fintech Companies From Providing BVN Validation Services For Customers April 9, 2021 Nigeria’s Ngozi Okonjo-Iweala appointed WTO director-general February 17, 2021 BREAKING: CBN bans Nigerians from buying, selling bitcoin, other cryptos February 5, 2021 All Website TagsAccess bank agency banking algorithms anchor text art back-links bill paymet bitcoin branding cashless cashless policy cbn Central Bank of Nigeria Chris Ife content coronavirus corporate corporate messaging credibility dream-theme emphasis evolution fast track banking flat Giftcard gift cards Giftoga globasure globasure mobile money globasure smart roaming GlosoftPOS GROAM gtbank ingenico nibss nigeria payalat roaming SIM seo strategy ServPoint stamp duty themeforest VAT VAT Increase wordpress Leave a Comment cancel Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.