Paymaster Limited, a subsidiary of Chams plc, has been licensed by the Central Bank of Nigeria (CBN) to operate as a Payment Terminal Service Provider (PTSP), for Point-of-Sale (PoS) terminals to be deployed across the country. As a PTSP operator, Paymaster will deploy PoS terminals, maintain and provide support on behalf of its acquirers, while also providing training to merchants to minimise recurring faults while ensuring optimal terminal up time. As part of efforts to transit the country into a cashless economy, the CBN called for expression of interest from qualified e-business support services provider and had subsequently conducted a rigorous screening exercise after which it licensed Paymaster and three other companies as PTSP operators. Charles Uwagbale, acting managing director, Paymaster, said the approval granted the company to act as Payment Terminal Service Provider to acquirers and merchants across the country, aligns with its corporate goal, saying the approval testified to the company’s ability to provide first-rate e-payment infrastructure support services. According to Uwagbale, the firm is a tested and trusted e-payment company that provides e-business infrastructure with the objective of establishing and running a secure, reliable and scalable network. “Prior to being licensed as a PTSP operator, we have shown strong pedigree in the e-business sector in the deployment and maintenance of an independent multi-application and functional PoS terminals network, which accepts cards from all payment schemes in Nigeria by connecting directly to relevant electronic transaction switching and processing companies,” he stated. He also added that the firm had the resources and capacity to begin immediate deployment and maintenance of PoS terminals across the country in accordance with the CBN guideline for Payment Terminal Service Providers. “We have invested heavily in the acquisition of PoS terminals, which were customised for the Nigerian market by Bitel, for deployment across the country. We will leverage the internal capacity we have built as company over the years in PoS terminal maintenance, deployment, installation, maintenance and networking to achieve this in record time.” In no small measure, Paymaster will leverage the wealth of experience and huge investments of Chams, its parent company in identity management, payment and transactional systems, to deliver exceptional value as a PTSP operator.