CitiServe granted Payment Terminal Service Provider License

CitiServe Limited, a Vigeo Company, has been licensed by the Central Bank of Nigeria (CBN) to provide Payment Terminal Services to Nigerian Banks. The announcement is a conclusion of an exhaustive bidding process carried out by the CBN’s Shared Services Group.

The CBN’s new policy on cash withdrawal limits is geared towards building and sustaining a cashless economy, starting with cashless Lagos in December 2011.

The License requires Citiserve to deploy, support and maintain PoS terminals at merchant locations on behalf of licensed Acquirers and terminal owners working with the Central Bank of Nigeria.

This task is synonymous with the business model of CitiServe, deploying and managing terminals to its partners nationwide, providing a seamless online distribution for e-products from service providers to the customers using the CitiServe unique customised POS, the CMPOS.

From inception (2003), CitiServe limited has created its network of partners nationwide having registered on its database over 19,000 partners nationwide.

CitiServe has over the year’s garnered in-depth experience in the Nigerian electronic distribution market and with its nationwide operations; is strategically positioned to leverage on its experience, competences and existing relationships to ensure the CBN cashless Nigeria is achieved.

The company has skills in merchant development and training, breaking the man/machine barrier and encouraging continuous patronage on the terminals. This is evident in the number of Point Of sale terminals the company has invested in and deployed previously.

The remarkable journey of CitiServe was prompted by the development of telecommunication industry in Nigeria with the aim of distributing PIC and PIN based products.

The company has a full complement of seasoned and experienced professionals in I.T, Project Management, Route Management, Customer Relationship Management, a combination that drive the robust business model.

Extensive first-hand nationwide experience and competences acquired in developing and deploying applications for the CitiServe Point of Sale customised terminals, the CMPOS comes to play now and will indeed contribute immensely to ensure a smooth process in managing the deployment and adoption of the payment terminals for a cashless Nigeria,

With the new License, Citiserve is poised to provide electronic payment terminal services to Nigeria’s burgeoning e-payment industry.

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