The Federal Inland Revenue Service (FIRS) said it has mandated payment gateways in Nigeria to report all transactions passing through their systems for tax compliance monitoring as it rolled out e-invoicing for major businesses in the country.
Payment gateways are online platforms licensed by the Central Bank of Nigeria (CBN) that enable businesses to securely process electronic payments from customers.
They include fintechs like Flutterwave, Paystack, Remita, and Interswitch, among others.