NIBSS adopts Transactility technology to power new national payment stack
The Nigeria Inter-Bank Settlement System has adopted payment processing technology from Transactility Inc. to build its National Payment Stack, a next-generation instant…
NIBSS
NIBSS unveils advanced digital platform to modernise, enhance payments
The Nigeria Inter-Bank Settlement System has launched the National Payment Stack, a new digital infrastructure designed to modernise and enhance instant payments…
NIBSS enhances NQR payment system for faster, secure digital transactions
The Nigeria Inter-Bank Settlement System has introduced major enhancements to its Nigeria Quick Response payment system, aimed at improving digital transactions for…
Nigeria’s e-payment transactions hit N1.07quadrillion in 2024
Electronic payment transactions in Nigeria soared to N1.07 quadrillion in 2024, marking a historic milestone as the first time the country has…
E-Payment transactions reach N89.5tn in July 2024 – NIBSS
The Nigeria Inter-Bank Settlement Systems has announced that Nigerians spent a total of N89.5 trillion through electronic channels in July 2024. This…
Firm, NIBSS partner to enhance PoS transactions
The Nigeria Inter-Bank Settlement System and Zone Payment Network Limited, formerly Appzone, have partnered to improve point-of-sale transactions across the country. The…
E-Payment transactions surged 89% to N257.7tn in Q1’24
Electronic payment transactions in Nigeria rose by 89 percent to N257.73 trillion in the first quarter of 2024. This was disclosed by…
Active Nigerian bank accounts hit 151 million – NIBSS
The number of active bank accounts in Nigeria witnessed a 13% growth, reaching a total of 151 million in 2022, compared to…
NIBSS suffers downtime, bank transactions affected
Alex Omenye The Nigeria Inter-Bank Settlement System on Saturday encountered downtime, causing distress among bank customers grappling with transfer errors and…
Opay, Palmpay, others facilitate N46.6trn transactions in 2023 – NIBSS
In 2023, mobile money operators such as Opay, Palmpay, and 15 others facilitated transactions totaling N46.6 trillion, as disclosed by the Nigeria…
FCTA reopens Garki Market after closure for inadequate sanitation
The Garki International Market in Nigeria has reopened after being closed last week due to inadequate sanitation and hygiene. The Federal Capital…
Naira scarcity: Cashless transactions drop to N37.67tn
Cashless transactions which is also referred to as online transaction fell to N37.67tn in February 2023 because of delayed and failed money…