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Nigeria mandates GPS tracking on PoS terminals to fight fraud, adding new payment standards.
The Central Bank of Nigeria (CBN) has mandated the installation of GPS tracking on all Point of Sale (PoS) terminals to curb fraud.
The geo-tagging will restrict PoS use to registered locations, enhancing oversight in electronic payments.
The CBN also requires migration to the ISO 20022 messaging standard by October 31, 2025.
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Nigeria exige el seguimiento por GPS en las terminales PoS para combatir el fraude, agregando nuevos estándares de pago.