The Central Bank of Nigeria (CBN) has unveiled new regulations aimed at improving the deployment, operations, maintenance, and security of Automated Teller Machines (ATMs) across the country.
According to the newly issued guidelines, all card issuers in Nigeria are now required to deploy at least one ATM per 5,000 payment cards issued. This move is expected to enhance ATM accessibility and ensure the stability of financial services.
The new standard is part of the CBN’s broader initiative to improve financial inclusion, ensure effective service delivery, and promote security within Nigeria’s growing cashless economy.
This regulation is poised to boost customer experience while tackling the challenges of ATM downtime, security breaches, and ensuring equitable access to financial services across the country.
Stay tuned for more updates.
