By Ibiyemi Mathew The Central Bank of Nigeria in conjunction with the Nigeria Interbank Settlement System (NIBSS) has unveiled AfriGo, Africa’s first National Domestic Card Scheme. The Nigerian National Domestic Card Scheme is a home grown card scheme launched to…
…Unveil Domestic Card Scheme The Central Bank of Nigeria (CBN) announced in 2022 that it will be launching a National Domestic Card Scheme in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers Committee and other financial ecosystem…
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that banks registered a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022. According to the data released, this brought the total number of registered BVNs in the country to 56.5…
The Nigeria Interbank Settlement System (NIBSS) has revealed that more Nigerians are going cashless as the volume of financial transaction through mobile devices has more than doubled in the last 11 months (Janaury- November). The NIBSS noted in data released…
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N1.8 trillion over mobile devices in August this year. This came as an all-time high monthly value recorded since the deployment of the…
The Central Bank of Nigeria (CBN) has disclosed that from next week, Nigerians will be able to transact on eNaira wallets through the Unstructured Supplementary Service Data code on mobile phones. Godwin Emefiele, the CBN Governor, disclosed this at the…
The Nigeria Inter-Bank Settlement Systems (NIBSS) has said that transactions worth N204.5 trillion were performed electronically in Nigeria between January and July this year through the NIBSS Instant Payment platform (NIP). This shows a 40% increase in e-payments in the…
By Kayode Tokede Nigeria Interbank Settlement System (NIBSS) has disclosed financial transactions via Nigerian Interbank Settlement System Instant Payment (NIP) and Pointy of Sales (PoS) terminals in the country grossed N64.34trillion in the first quarter of 2021. The latest data…
By Kayode Tokede Nigeria Inter-Bank Settlement System Plc (NIBSS) on Monday announced the launch of the New Quick Response (NQR) payment solution; an innovative payment platform implemented on behalf of all financial service providers. The NQR code solution offers a…
By Kayode Tokede Nigeria Inter-Bank Settlement System Plc (NIBSS), in partnership with all financial service providers is set to launch a QR Code driven payment solution. NQR Payment Solution is an indigenous Quick Response code platform being introduced by NIBSS…
