The Central Bank of Nigeria (CBN) yesterday unfolded plans to review backward its 10-year Payment Systems Vision (PSV-2030) strategy, which will now span a five-year strategy and rechristened as PSV-2025.
The CBN said the move was in response to evolving development of blockchain technology and other payment systems disruptions.
The CBN had announced that it had started the implementation process of the PSV 2030 to replace the PSV 2020, which aims to significantly reduce financial exclusion, promote electronic banking as well as other alternative banking channels.
CBN Director, Payment Systems Management Department, Mr. Musa Jimoh, spoke on the review of the strategy at First Bank’s FinTech Summit 4.0, where stakeholders gathered to discuss ‘How Blockchain and Artificial Intelligence will Disrupt FinTech in Nigeria.’
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