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Image for Instant Payments - 2020 Annual Statistics
Instant Payments - 2020 Annual Statistics

29/03/2021 12:00:00

The COVID-19 pandemic has forever changed the ePayments landscape. It accelerated the adoption of instant payments as the population transitioned to electronic channels for funds exchange in the wake of Government imposed loc..

Image for NIBSS Launches NQR Code for Financial Services Providers
NIBSS Launches NQR Code for Financial Services Providers

22/03/2021 01:02:33

Nigeria Inter-Bank Settlement System Plc (NIBSS) has launched the New Quick Response (NQR) payment solution code, an innovative payment platform implemented on behalf of all financial service providers. The New Quick Respo..

Image for Customers go for PoS transactions
Customers go for PoS transactions

22/03/2021 12:47:49

Point of Sale (PoS) machines deployment has increased in recent months to serve new entrants into the digital banking space. Many cardholders, especially at the grassroots, previously cautious about digital banking and safet..

Image for Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020
Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020

22/03/2021 12:40:09

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. ..

Image for Headline: Banks Record 1m BVN Registrations In 2 Months ...Database swells to 44m
Headline: Banks Record 1m BVN Registrations In 2 Months ...Database swells to 44m

22/03/2021 12:32:23

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. According to the data released by the Nigeria Inter- Bank Sett..

Image for Report: Nigeria’s e-Payment Transactions Hit N17.3tn in September
Report: Nigeria’s e-Payment Transactions Hit N17.3tn in September

22/03/2021 12:18:45

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 Paymen..

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