30 results
- 28 Sept 2009
National Central Switch Goes Live in November
The National Central Switch (NCS) established by the Central Bank of Nigeria to solve the problem of interconnectivity and interoperability among card switching platforms in the country is expected…
- 26 Jul 2010
CBN Set to Enforce National Central Switch Monopoly
Central Bank of Nigeria (CBN) is set to release a memo on e-payment interoperability in the country that will mandate that banks should connect to the National Central Switch (NCS) and any other…
- 17 May 2010
CBN Gives Deadline on Connection to National Central Switch
The Central Bank of Nigeria (CBN) has mandated banks in the country to connect to the National Central Switch (NCS), on or before 14th May, Nigeria CommunicationsWeek can reveal. The central…
- 15 Mar 2010
Nigeria Central Switch Commences Operation
All payment cards issued by banks in Nigeria are now to be accepted on all acceptable devices deployed in the country, following the completion of the Nigeria Central Switch (NCS) project by the…
- 8 Apr 2009
Revealed!: NCS, Why e-Payment is not Working
The take off of Nigeria Central Switch (NCS), a key national payments infrastructure hub would have to wait a little longer until fine details including a set of rule of engagement, policy and legal…
- 23 Feb 2013
MM Operators Race to Interoperability Deadline
Mobile money service providers in the country are making last-ditch effort to connect to the National Central Switch (NCS) in compliance with the directive of the Central Bank of Nigeria (CBN),…
- 7 Apr 2013
NIBSS Begins Interoperability Services in MobileMoney Transactions
National Central Switch (NCS) has begun interoperability services for mobile money transactions, having completed integration of 15 out of the 16 already licensed mobile money operator. The…
- 30 Nov 2009
ATM Charge on Inter-bank to up by 5 Percent
Holders of Automated Teller Machine (ATM) cards would pay N5 extra from next year when National Central Switch (NCS) assumes the switching and payment processes currently enjoyed by individual…
- 23 Nov 2009
NCS Must not Compete with Commercial Payment Schemes-Experts
Global e-payment experts who converged at the second E-Payment Providers Association of Nigeria (E-PPAN) Techno-Interactive conference in Lagos recently agreed among other issues that the Nigeria…
- 2 Mar 2014
MM Schemes Achieve N300m in January
Transactions across the various mobile money (MM) schemes in the country hit a record N300 million as at the end of January, underscoring a tipping point in the shift towards the cashless society,…
- 15 Dec 2013
Mobile Money Transactions Hit N250m in Nov
Value of mobile money transactions across different mobile schemes in the country have reached N250million at the end of November this year, Nigeria CommunicationsWeek can now reveal. The value was…
- 5 Jun 2013
Unified Payments Appoints New Directors
Unified Payment Services Limited has appointed Babatunde Okeniyi, director, Marketing and Sales and Sina Joseph as director, Information Technology & Operations. Okeniyi will bring to his new…
- 14 Aug 2013
Unified Payments Addresses Issues at PoS with Solution
Unified Payments, an electronic payment service provider is to launch a solution that will address the challenges of poor telecommunications infrastructure at Point of Sale (PoS) terminals, Nigeria…
- 5 Nov 2012
CBN Yet to Achieve Interoperability in POS Transactions
More than a year after Central Bank of Nigeria (CBN) issued a guideline on Point of Sale (PoS) card acceptance services; the sector is yet to achieve interoperability, no thanks to the challenges of…
- 25 May 2026
NBC Sets 2028 Deadline for Full Digital Switch-Over
National Broadcasting Commission (NBC) has unveiled a new “Big Picture” strategy aimed at achieving full nationwide Digital Switch-Over (DSO) by December 31, 2028. DSOis designed to provide Nigerians…
- 18 Jan 2010
4,000 ATMs not EMV Compliant
A total of 3,908 Automated Teller Machines (ATM) deployed by banks and merchants across the country are yet to be upgraded to Europay MasterCard and Visa (EMV) standard, Nigeria Communications-Week…
- 20 Jul 2014
PoS Transactions Hit N24Bn in June
Payment of goods and services across the country at merchants’ location through Point of Sale (PoS) terminals in June recorded some 16% rise in value hitting N24.8billion, Nigeria CommunicationsWeek…
- 18 Aug 2013
Mobile Money Transactions Hit N8m Daily
Some N8 million are exchanged daily by mobile money schemes in the country, underscoring the growing acceptance of the scheme after a lethargic take off, according to findings by Nigeria…
- 4 May 2014
Nigeria to Miss MM Cross Border Remittance Deal
Nigeria will not be a beneficiary of the landmark deal struck by major telecom operators in Africa for the implementation of interoperable mobile money services across Africa and the Middle East…
- 31 Aug 2010
CBN Secures ATM Transactions, Boosts Traffic on NCS
Central Bank of Nigeria (CBN) has directed banks in the country to connect to the Nigeria Central Switch (NCS) by December 1, in one of the many efforts by the apex bank to shore up confidence in the…
- 22 Sept 2013
CBN May Allow Telcos to Drive MM Adoption
Central Bank of Nigeria (CBN) may rescind its decision and allow telecoms operators drive the mobile money payment scheme to give fresh impetus to the initiative which has crawled since introduction…
- 20 Apr 2010
Stakeholders Move to Tackle Pos Challenges
e-Payment Providers Association of Nigeria (E-PPAN) has moved to tackle challenges confronting deployment and usage of Point of Sale (PoS) in Nigeria. Rising from the E-PAN Techno Interactive Forum…
- 17 May 2010
Experts Brainstorm at AITEC Africa Conference
AITEC Africa, the leading organiser of ICT events across Africa, held the 2010 AITEC Banking & Mobile Money West Africa Conference at Eko Hotel’s new world-class conference centre over…
- 19 Jul 2010
Nigerians Shun PoS for Transactions
Point of Sale (PoS) terminal, the electronic device used for verification and processing of credit card transactions is not popular yet in Nigeria despite the wide acceptance of Automated Teller…
- 30 Mar 2014
PoS Transactions Hit 3.6m in 3 Months
Point of Sales (POS) Terminals, the machine used to accept cards for payment of goods and services are increasingly becoming popular as merchants in the country recorded 3.6million transactions over…
- 23 Jun 2013
PoS Operators Dump GSM for CDMA
Point of Sale (PoS) terminals operators may have resolved to switch over to Code Division Multiple Access (CDMA) to address the perennial connectivity challenges associated with the use of Global…
- 25 Aug 2014
MM Sees Growth, Hits 300% Increase in Transactions
The value of transactions across the various mobile money (MM) schemes in the country recorded about 300 percent increase between January and July this year, underscoring a tipping point towards the…
- 9 Sept 2013
More Nigerians Embrace PoS as Transactions Rise
The popularity of point of sale (PoS) terminal has continued to soar as more Nigerians have started using the computerized replacement for a cash register to pay for goods and services, Nigeria…
- 29 Nov 2013
Merchants Record N127B on PoS in 11 Months
Popularity of Point of Sale terminals (PoS) is growing as merchants who use PoS for payment of goods and services have recorded a princely N127billion in 11 months, Nigeria CommunicationsWeek can now…
- 21 Jun 2015
PoS Transactions Hit N35Bn in May
Transactions over Point of Sale terminal (PoS) across the country recorded 49 percent rise over the past year, suggesting a growing acceptance of the use of online payments, Nigeria…