Nigeria, Feb. 19 -- The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said digital cross-border payment systems could transform developing economies but warned that weak regulation may expose them to financial instability.

Mr Cardoso highlighted this while delivering a plenary address at the G-24 Technical Group Meetings held Thursday in Abuja.

At the meetings, policymakers gathered to discuss financing strategies for sustainable and inclusive growth.

"At the heart of this transformation lies a simple, yet powerful truth: an economy cannot be more inclusive than its payment system," Mr Cardoso said, noting that barriers to moving money across borders continue to exclude millions from global commerce.

He described ine...