Media Updates
Recent updates about NIBSS you may want to catch up with; News stories, Media mentions, Reports, views and chronicles of our activities
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NIBSS at the Singapore Fintech Festival
Media Updates: Recent updates about NIBSS you may want to catch up with; News stories, Media mentions, Reports, views and chronicles of our...
NIBSS in Collaboration with PAPSS Highlights Cross-Border Payment Solutions at the last edition of the IATF in Egypt
Media Updates: Recent updates about NIBSS you may want to catch up with; News stories, Media mentions, Reports, views and chronicles of our...
Report: E-Payment Transactions Hit N34.67trn In March
Transactions through electronic payment (e-payment) channels increased by 17.93 per cent to N34.67 trillion in March 2022, from N29.4 trillion recorded in the previous month, a report by Financial Derivatives Company Limited (FDC), has shown.
E-payments Rise by 45%, N55tn Transferred in Two Months
About N54.98tn was processed through Nigeria’s electronic channels in the first two months of 2022, according to data from the Nigeria Inter-Bank Settlement System portal.
BVN Database Rises By 2.3m In Three Months …the increase in the number of accounts linked to BVN in the country has remained steady
Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by 2.3 million in the last three months, New Telegraph has learnt.
Christmas Spending Pushes POS Transactions in Nigeria to All-Time High of N6.4 Trillion in 2021
Nigeria’s acceptance for digital means of payment has improved in recent time, however, the Christmas festivity contributed significantly to the surge in the review year.
Point of Sale Transaction Hits N6.4tn, Cheques Usage Up 3.9% in 2021
Point of sale (PoS) transactions increased usage as the value of transactions on the platform for 2021 rose to N6.43 trillion, a 36 per cent improvement compared to N4.72 trillion recorded in 2020.
Simplifying Nigeria’s Payment System
Indeed, a sound payment system infrastructure, where operators and customers can transact business with confidence and convenience, trust and timeliness, underpins many of these reforms.
How NQR Will Lower Transaction Fees Across Price Band
COVID-19 has changed the digital landscape and has heralded an era of innovation and products that will be digital focused as well as achieve the contactless target even post-pandemic
Why NQR Solution is a Better Means of Payment
MD of NIBSS, Premier Oiwoh, in this interview speaks about the New Quick Response (NQR) payment solution code, an innovative payment platform launched for all financial service providers in the country
NIBSS Launches NQR Code for Financial Services Providers
NIBSS) has launched the New Quick Response (NQR) payment solution code, an innovative payment platform implemented on behalf of all financial service providers.
Report: Nigeria’s e-Payment Transactions Hit N17.3tn in September
The total value of transactions in the country through electronic payment (e-Payment) channels, which included Point of Sale (PoS), the Automated Clearing House (ACH) and the Nigeria Interbank Settlement System Instant Payment (NIP) rose by 5.49 per cent to N17.3 trillion in September 2020, compared with the N16.4 trillion recorded in August