Introduction Payments Terminal Service Provider (“PTSP”) companies are some of the major drivers of the Nigerian payments sub-sector. According to a 2022 report by Insider Intelligence, Nigeria (with record 3.7 billion transactions) ranked 6th amongst top 10 countries in the world (and the 1st in Africa) with the biggest real-time payment market by transactions, above the United Kingdom (3.4 billion) and the United States (1.8 billion). As of January 2023, according to the Nigeria Inter-Bank Settlement Systems (“NIBSS”), the total digital payment transactions in Nigeria rose to N38.7 trillions (about US$84 billion), making Nigeria one of the leading countries in … Continue reading HOW TO SET UP A PAYMENTS TERMINAL SERVICES PROVIDER (PTSP) COMPANY IN NIGERIA