Belgium adopts Nigerian-inspired banking standard, trails nearly a decade behind

Tribune Online
Belgium adopts Nigerian-inspired banking standard, trails nearly a decade behind

In a significant move aimed at boosting financial integrity, Belgium has formally adopted a key banking security measure long standard in Nigeria’s financial ecosystem: the Biometric Verification Number (BVN) framework. Effective July 1, 2025, Belgian banks are required to verify that the name of a transfer recipient matches the provided account number before processing online […]

Belgium adopts Nigerian-inspired banking standard, trails nearly a decade behind
Tribune Online