The hottest Payments Substack posts right now

And their main takeaways
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Top Finance Topics

Pizza Place Payments

Money in Transit • 0 implied HN points • 23 Jan 24
🕹 Technology Payments Software Database Events Architecture
  1. Understanding the separation of orders and payments is crucial for developing useful payment applications.
  2. When building payment applications, ensure past orders and payments are unaffected by future changes in products and variants.
  3. Invoices notify about payments, receipts prove payments; keep both immutable and associated with an order.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/001/039

RegAlert • 0 implied HN points • 27 Jun 23
💰 Finance Regulations Payments Banking Risk management Standards
  1. The Central Bank of Nigeria issued guidelines for contactless payments in the country, aiming to standardize operations and promote innovation while ensuring financial system stability.
  2. Banks, financial institutions, and payment service providers are required to adhere to these guidelines, implement risk management processes, and maintain relevant standards for contactless payments.
  3. Participants in contactless payments in Nigeria must download and adhere to Circular PSM/DIR/PUB/CIR/001/039 available on the Central Bank of Nigeria's website.
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Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/001/048

RegAlert • 0 implied HN points • 27 Jun 23
💰 Finance Banking Regulations Payments Technology
  1. The Central Bank of Nigeria has issued a circular regarding transaction limits on contactless payments, requiring adherence from financial institutions and payment service providers.
  2. Transactions exceeding the specified limits on contactless payments will need verification and authorization.
  3. Higher-value contactless payments must meet existing KYC requirements and limits on electronic payment channels, while transactions above the daily cumulative limit should use contact-based technology.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/016/118

RegAlert • 0 implied HN points • 04 Jul 22
💰 Finance Regulations Banking Payments
  1. The Central Bank of Nigeria is requesting financial institutions to review and implement specific QR code presentment options in payments.
  2. Financial institutions can choose between merchant-presented or consumer-presented QR code options for payments.
  3. The Central Bank of Nigeria will continue to monitor industry developments and provide additional guidance as needed.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/01/006

RegAlert • 0 implied HN points • 26 May 22
💰 Finance Banking Regulations Payments
  1. Financial institutions in Nigeria must accept indemnity from customers for secure online funds transfers, with varying limits for individuals and corporations.
  2. Customers should be given the option of electronic or paper indemnity, with stricter controls like biometric verification for electronic indemnity.
  3. Multiple factor authentication is required for secure online funds transfers, and customers must be informed about indemnity's role in increasing transaction limits.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/011/142

RegAlert • 0 implied HN points • 02 Aug 21
💰 Finance Regulation Banking Payments Guidelines
  1. The Central Bank of Nigeria has issued guidelines for the licensing and regulation of Payments Service Holding Companies in Nigeria.
  2. The circular PSM/DIR/CON/INM/011/142 outlines the specific requirements and directives for these companies.
  3. Those interested can download the detailed guidelines from the official website of the Central Bank of Nigeria.

Afridigest Week in Review: Africa to the world

Afridigest • 0 implied HN points • 04 Mar 24
💼 Business Tech Payments Startups Investors Economics
  1. Afridigest provides a Week in Review focusing on Africa tech, sharing exclusive reports on Jumia Food and startups digitizing payments in Nigeria.
  2. The Afridigest Week in Review highlights organizations like Partech, Gro Intelligence, and executives like Cyril Collon, Tayo Oviosu, and others.
  3. The content is curated for paid subscribers, offering in-depth insights into the African tech ecosystem.

Some Bitcoin thoughts

Joshua Gans' Newsletter • 0 implied HN points • 24 Dec 13
🔮 Crypto Payments Innovation Mining Platform Bitcoin
  1. Money is a platform where value transmission depends on belief and agreements among people. Stability and acceptance are crucial for efficient transactions.
  2. Bitcoin's stability as a payments platform is weak, but it offers potential benefits for wealth storage and operating outside government surveillance.
  3. Bitcoin's innovation as a payments platform, especially its programmable nature, is significant and revolutionary in the world of monetary economics.