Find out more as CBN to deploy AI to tackle fraud in digital payments

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The CBN will deploy AI under PSV 2028 to boost fraud detection and secure Nigeria’s digital payments systemThe plan targets cyber threats like fraud, phishing, and unauthorised transactionsNigeria’s electronic payment transactions have already surpassed N1.2 quadrillion in 2025

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Central Bank of Nigeria (CBN) has announced plans to deploy Artificial Intelligence (AI) to strengthen fraud prevention and improve the efficiency of Nigeria’s digital payments ecosystem.

This was contained in the newly launched Nigeria Payments System Vision (PSV) 2028.

CBN moves to strengthen digital payment security with AI under PSV 2028. Photo: Bloomberg
Source: Getty Images

Payments System Vision

The initiative, outlined in the apex bank’s newly released PSV 2028 policy document, positions AI as a core technology in Nigeria’s push to build a more secure, inclusive and globally competitive payments infrastructure.

According