Unified Payment Services Limited (Unified Payments), Nigeria’s leading fintech service provider, has achieved a significant milestone by securing the country’s second Payment Terminal Service Aggregator (PTSA) license.
The Central Bank of Nigeria (CBN) initiated a public bid process on January 5, 2024, inviting operators to compete for the PTSA license. After a rigorous and transparent evaluation, Unified Payments emerged successful and was awarded the PTSA license.
At a recent media parley in Lagos, the Managing Director and Chief Executive Officer (CEO) of Unified Payments, Dr. Agada Apochi, discussed the prospects and the transformative impact of the new license.
He assured stakeholders of a seamless, secure, and efficient payment ecosystem, free from financial crimes and market misconduct. Apochi noted that since obtaining the PTSA license, Unified Payments has made significant strides in integrating various operators into its PTSA platform. “As a PTSA license holder, we are now a national infrastructure. Our approach is collaborative rather than competitive.”
We aim to be enablers, providing a platform where everyone can collaborate and grow payment services in Nigeria,” he stated.
Elaborating on Unified Payments’ role as a PTSA, Apochi said: “Our role is to enable different industry operators and service providers to offer their services in compliance with CBN’s policy and regulatory frameworks. As a PTSA, we will work with CBN to oversee Point of Sale (POS) transactions, thereby helping to manage and mitigate market misconducts.”
