HomeBusinessHow CBN’s new Payment Vision could change banking, transfers and trade in...

How CBN’s new Payment Vision could change banking, transfers and trade in Nigeria

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The Central Bank of Nigeria has launched the Payment System Vision 2028 to increase financial inclusion to 95 per cent of Nigerian adults by 2028 The initiative aims to bring about 50 million more Nigerians into the formal financial system through improved digital payment services and infrastructureThe CBN also plans to deploy over 10 million digital payment points nationwide and strengthen fraud prevention using artificial intelligence

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious strategy aimed at increasing financial inclusion and accelerating the country’s transition to a fully digital economy.

Speaking at the unveiling in Abuja on Monday, June 1, 2026, CBN Governor Olayemi Cardoso described the initiative as a transformative roadmap that will reshape how Nigerians make payments, save, invest, and conduct business over the next

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