Payment Solution Service Provider (PSSP)
CBN license for payment gateway and payment solution services.
- Minimum capital
- ₦250,000,000
- Estimated timeline
- ~9 months
The PSSP license permits payment processing, payment gateway, and merchant collection services under CBN supervision.
Document requirements
Certificate of Incorporation
MandatoryCAC certificate of incorporation.
Memorandum and Articles of Association
MandatorySigned and stamped MEMART.
Evidence of share capital deposit
Mandatory₦250 million minimum, deposited and evidenced.
Business plan and operational policy documents
MandatoryFull operating plan and internal policies.
Frequently asked questions
What activities can a PSSP carry out?
Payment gateway services, payment processing, and merchant collection services — PSSPs cannot hold customer funds or issue wallets, which requires an MMO or PSB license instead.
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