There is no doubt that over the years, Nigeria has made noticeable progress in its desire to create a robust payment system through several reforms targeted at restoring confidence in the system. Indeed, a sound payment syste..
Open Banking involves the use of open APIs (Application Programming Interface) which were earlier on seen as propriety, intellectual properties of financial institutions (Deposit Money Banks), to power digi..
Dr Adesola Adeduntan, FirstBank Chief Executive Officer, disclosed this on Thursday, at the bank’s FinTech Summit 4.0 webinar in Lagos.
The 2020 edition of the summit, was themed; “How Blockchain and Artificial Intelligenc..
On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate im..
The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019.
Analyses of the latest data from the Nigerian Interbank Settlement Scheme indicated that the use of d..
**Overview of the NIBSS Instant Payments (NIP)**
NIBSS Instant Payments (NIP) is an account-number based, online-real-time Inter-Bank payment solution developed in the year 2011 by ..