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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Nigeria Recorded N600 Trillion e-Payment Transactions in 2023
Within a period of one year, the volume of financial transactions through mobile devices has more than doubled, a BusinessDay analysis from the Nigeria Interbank Settlement System (NIBSS) shows.
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...
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
Headline: Banks Record 1m BVN Registrations In 2 Months …Database swells to 44m
Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by one million in the last two months, New Telegraph has learnt
Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020
After a massive drop during the COVID-19-induced lockdown, the volume and value of online transactions in Nigeria hit new heights in Q3 2020, pointing to improved economic activities following the relaxation of the lockdown
Customers go for PoS transactions
POS machines deployment have increased in recent months with many cardholders, especially at the grassroots, previously cautious about digital banking and safety of their funds have embraced the scheme as COVID-19 pandemic reduced cash demand and usage but there are challenges
Electronic Payment Transactions Hit N111.29tn in Nine Months
The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year.
How the financial industry in Nigeria can adapt to the Covid-19 pandemic: Focus on Payments
Changing consumer behavior, adjusted business models and emerging regulatory concerns are currently being analyzed in various organizations to determine appropriate strategies
NIBSS Insight: Fraud in the Nigeria Financial Services
Fraud. A common word, and a global phenomenon that seeks to take advantage of vulnerabilities in various systems in order to criminally achieve a financial gain
NIBSS Donates To Public Schools….Reiterates Support for Education
The Nigeria Inter-Bank Settlement System (NIBSS) Plc, has reaffirmed its commitment to supporting the nation’s educational system as one of its focus for Corporate Social Responsibility (CSR) Initiative.