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CBN Suspends the Implementation of Interchange Regime Indefinitely

Proshare

Friday, April 21, 2017/ 11:25 AM /CBN

Kindly refer to the CBN Circular of November 1, 2016 referenced BPS/DIR/GEN/CIR/03/004
where the bank had communicated the discontinuance of the Merchant Service Charge (MSC) by May 1, 2017 and its subsequent replacement with the implementation of the interchange Regime.

In line with the aforementioned, the Bank hereby notifies all stakeholders that the implementation of the Interchange regime has been suspended until further notice.
 

Please be guided accordingly.



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