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 Postpones Launch Of eNaira The Central Bank of Nigeria on Yesterday, announced the postponement of the… Continue reading What makes eNaira different from money in your bank account The Central Bank of Nigeria’s eNaira website has gone live ahead of… Continue reading Difference between open-loop and closed-loop payment cards What is open-loop? Open-loop payments are attracting attention worldwide as a convenient… Continue reading Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt Nigeria barred banks and financial institutions from dealing in or facilitating transactions… Continue reading What is Fintech ? Types of Fintech Fintech, or financial technology, is the term used to describe any technology… Continue reading CBN removes N379/$1 exchange rate from website The Central Bank of Nigeria (CBN) has removed the exchange rate of… Continue reading 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 Prev. Post All Posts Next Post Total: 0 0 0 0 0 0 No Comments Recent Posts CBN Postpones Launch Of eNaira October 1, 2021 What makes eNaira different from money in your bank account September 28, 2021 Difference between open-loop and closed-loop payment cards September 22, 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 eNaira evolution fast track banking flat Giftcard gift cards Giftoga globasure 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.