CBN Releases Framework for QR Payments

CBN Releases Framework for QR Payments

85 / 100

The Central Bank of Nigeria CBN Releases Framework for QR Payments as a guide for Nigeria payments.

The full details framework on the Quick Response QR are available on the CBN portal which can be download here.

CBN Releases Framework for QR Payments

“Quick Response (QR) Codes are a kind of matrix barcode representing information presented as square grids, made up of black squares against a contrasting background, that can be scanned by imaging device, processed and transmitted by appropriate technology”.

CBN Releases Framework for QR Payments




“These codes can be used to present, capture and transmit payments information across payments infrastructure. The technology further enables the mobile channel to facilitate payments and presents another veritable avenue for promoting electronic payments for micro and small enterprises.”

READ: List of Licensed Microfinance Banks by CBN as at December, 2020

One thought on “CBN Releases Framework for QR Payments

Leave a Reply

%d bloggers like this: