As part of its commitment to facilitate the development of the Nigerian payments system and deepen the adoption of various electronic payment options available to users, the Central Bank of Nigeria (CBN) has identified the predominant use of Single messaging format for POS transactions as an obstacle to the use of pre-authorisation as a mode of payment in Nigeria.

For more information, please see https://www.proshareng.com/news/CBN%20Circulars120&%20Publications/CBN-Issues-Circular-on-Pre-Authorisation-of-Cards-in-Nigeria/48609