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..
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..
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. ..
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..
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..
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..