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flag Nigeria mandates GPS tracking on PoS terminals to fight fraud, adding new payment standards.

flag The Central Bank of Nigeria (CBN) has mandated the installation of GPS tracking on all Point of Sale (PoS) terminals to curb fraud. flag The geo-tagging will restrict PoS use to registered locations, enhancing oversight in electronic payments. flag The CBN also requires migration to the ISO 20022 messaging standard by October 31, 2025.

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