₦airaland Forum

The Central Bank of Nigeria (CBN) has placed a N50,000 daily limit on contactless payments through bank accounts or digital wallets.
The apex bank also limited the amount per transaction to N15,000 on contactless payments.

The CBN disclosed this on Tuesday in a circular titled “Transaction Limits on Contactless Payments.”


Musa Jimoh, Director, Payment System Management Department at CBN, who signed the circular, noted that contactless transactions above N50,000 would require appropriate verification going forward.

According to the circular: “Transaction limits for contactless payments through accounts/wallets in Nigeria shall be as follows: Transaction limit maximum amount is N15,000, and the cumulative daily limit maximum amount is N50,000.

“Higher-value contactless payments are transactions exceeding the above-stated limits and require appropriate verification and authorisation.”

Source; https://dailypost.ng/2023/06/28/cbn-limits-contactless-payments-to-n50000-daily/

Another one

Wittyness

Wahala continues!

[quote author=Zee0007 post=125928470][/quote]No wahala....wen you begin monetize and make the Facebook money, remember to assist others financially too.
Meanwhile, na data you want or money?
Send your acct no....once I send you go edit or clear your acct details oo

valentineuwakwe:
No wahala....wen you begin monetize and make the Facebook money, remember to assist others financially too.
Meanwhile, na data you want or money?
Send your acct no....once I send you go edit or clear your acct details oo

Wow, boss. I go use buy data. I go take your advise boss. I go do same for others and I go mention you for my success story. God bless you so much sir.

hisgrace090:
Wahala continues!

What do you mean?

The CBN have done the right thing because of fraudsters. In fact, my own limit won't be beyond 20k if I have the opportunity of reducing it.

Good evening sir valentineuwakwe

Zee0007:
Good evening sir valentineuwakwe

Same to you ....sorry I no forget you. I been dey official duty since..I will send something to spice up your tomorow Sunday...cheers

valentineuwakwe:
Same to you ....sorry I no forget you. I been dey official duty since..I will send something to spice up your tomorow Sunday...cheers

Biggest boss. No vex say I disturb. I knew you would be very busy. You are too good jare. God go bless you pass your imagination.

Zee0007:
Biggest boss. No vex say I disturb. I knew you would be very busy. You are too good jare. God go bless you pass your imagination.

GOOD MORNING....happy sunday...I don send you something to manage this Sunday.sorry it's coming late!

valentineuwakwe:
GOOD MORNING....happy sunday...I don send you something to manage this Sunday.sorry it's coming late!

You are too much boss. Thank you so much. Before your needs, there will be a supply from God. God bless you.