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Image for Electronic Payment Transactions Hit N111.29tn in Nine Months
Electronic Payment Transactions Hit N111.29tn in Nine Months

11/01/2020 22:01:18

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. The two pla..

Image for The Rising Fortune of Digital Payment Platforms
The Rising Fortune of Digital Payment Platforms

11/01/2020 21:53:30

The cashless policy introduced by the Central Bank of Nigeria (CBN) in 2012 which required a daily total limit of N500,000 and N3,000,000 on free cash withdrawals across all accounts owned by individual and corporate customer..

Image for Instant payments, PoS deals hit N95.89tn in eight months
Instant payments, PoS deals hit N95.89tn in eight months

11/01/2020 21:46:59

The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant payment system and Point of Sales terminals – across the country rose to N95.89tn from January to August this year...

Image for FITC/NIBSS to host largest financial services sector cybersecurity conference in Africa
FITC/NIBSS to host largest financial services sector cybersecurity conference in Africa

11/01/2020 21:07:34

The global cyber threat continues to evolve at a rapid pace, with a rising number of data breaches each year. A report by Risk Based Security revealed that a shocking 7.9 billion records have been exposed by data breaches in ..

Image for Headline: COVID-19 Raises Mobile Transactions By 384% to N1.4trn In 7months
Headline: COVID-19 Raises Mobile Transactions By 384% to N1.4trn In 7months

11/01/2020 21:00:46

Value of financial transactions carried out via mobile transactions amounted to N1.4 trillion from January to July 2020, representing a 384 per cent increase, according to figures released by the Nigeria Inter-Bank Settlement..

Image for NIBSS Position paper on Open Banking – December 2018
NIBSS Position paper on Open Banking – December 2018

08/23/2020 21:24:30

**INTRODUCTION** 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..

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