HOW TO SET UP A PAYMENTS SERVICE HOLDING COMPANY IN NIGERIA

What is a Payments Service Holding Company in Nigeria? A Payments Service Holding Company is a type of corporate structure that is required by Nigerian law for a group company that is desirous of holding more than one payment system licence within the Nigeria payments ecosystem. This corporate structure is required by law for group entities that qualify under the regulatory framework for payments system. The principal object clause of a Payments Service Holding Company must be for the purposes of making and managing equity investment in two or more companies, being its subsidiaries, which must be Payments Service Providers … Continue reading HOW TO SET UP A PAYMENTS SERVICE HOLDING COMPANY IN NIGERIA