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ARTICLE · 02 DECEMBER 2024

How To Obtain A PTSP License In Nigeria

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A Payment Terminal Service Provider (PTSP) license is one issued to financial technology companies for deploying, maintaining, and supporting POS terminals services.

NigeriaTechnology
Firmus Advisory
Firmus Advisory

A Payment Terminal Service Provider (PTSP) license is one issued to financial technology companies for deploying, maintaining, and supporting POS terminals services. The Central Bank of Nigeria (CBN) is the regulatory body responsible for regulating and issuing PTSP licenses to companies.

This license is mostly used by financial technology (Fintech) companies such as Callphone Limited, 3Line Card Management, Appmart Integrated Limited, Betastack Technology Limited, Capricorn Digital Limited, Blusalt Financial Services Limited and a host of others.

Requirements for obtaining the License

  1. Certificate of Incorporation of the company (The company must be registered with a minimum paid up share capital of NGN100,000)

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