30 results
- 18 Jun 2025
NIBSS National Payment Stack to Transform Nigerian Instant Payments
Nigeria Inter-Bank Settlement System (NIBSS) has launched the National Payment Stack (NPS), a payment infrastructure aimed at redefining digital payments in Africa and building on the introduction of…
- 18 Nov 2025
NIBSS's Platform Becomes Africa’s First ‘Mature’ Instant Payment System
Nigeria Inter-Bank Settlement System’s (NIBSS) Instant Payment platform (NIP) has become the first and only Instant Payment System (IPS) in Africa to reach the “Mature” level of inclusivity on…
- 3 Feb 2026
Onafriq, PAPSS Launch Wallet-Based Payments Pilot from Nigeria to Ghana
Onafriq Nigeria Payments Ltd, a CBN licenced payment service provider, partners with The Pan-African Payment and Settlement System (PAPSS) to pilot the continent’s first wallet-based outbound…
- 29 Mar 2017
Instant Payment Hits N38.2trn Transactions Milestone in 2016 – NIBSS
Nigeria Inter-Bank Settlement System Plc (NIBSS) has said total volume of Instant Payment (NIP) transactions recorded 154.5 million with value of N38.2 trillion in 2016. This is an increase of 117…
- 5 Oct 2025
NIBSS Targets Zero Transfer Fees on Instant Payments by 2026
Nigeria’s Interbank Settlement System (NIBSS) has unveiled plans to eliminate transfer fees on its NIBSS Instant Payment (NIP) platform by 2026, a move designed to accelerate the country’s transition…
- 23 Jan 2019
Banks to Pay Fine of N10,000 for Any Failed Instant Payment
Central Bank of Nigeria (CBN), said, it has mandated banks to pay a fine of N10,000 to customers for each failed transaction not resolved within 24 hours. The apex bank has therefore asked…
- 7 Oct 2019
e-Payment Transactions in Nigeria Hit N203.35trn In Half Year – CBN
Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June, this year, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.…
- 15 Mar 2026
CBN Rolls Out New Rules for Safer Instant Payments, More Customer Control
Central Bank of Nigeria (CBN) has launched simple new rules to make mobile money transfers and online banking safer and give ordinary Nigerians more say over their cash. CBN The changes aim to stop…
- 14 Mar 2025
Nigeria’s Cash Payments to Decline 32% by 2030 on Digital Transaction Surge
Nigeria is undergoing a significant shift toward digital payment methods, with cash payments projected to decline by 32 percent by 2030, according to Worldpay’s Global Payment Report 2024 (GPR). This…
- 7 Feb 2024
Transactions on E-payment Platforms in Nigeria Hit N600 trillion in 2023
Electronic payment transactions in Nigeria rose to N600 trillion in 2023, hitting an all-time high as more Nigerians embrace cashless payments. According to the data released by the Nigeria…
- 2 Jan 2020
Banks instant payments hit 1.65m New Year’s Day
Bank customers carried out over 1.65 million transactions on Nigeria Interbank Settlement System (NIBSS) Instant Pay platform on New Year’s Day. Live updates provided by the NIBSS stated that as of…
- 16 Nov 2015
UBA Contactless Cards Set Off a Revolution in Card Payments In Nigeria
United Bank for Africa (UBA) Plc, leading financial services institution in digital banking offerings in Nigeria, and across Africa, is changing the payments landscape in Nigeria with the…
- 28 Jun 2026
ACAMB, NIBSS Unite to Drive Faster, Cheaper Digital Payments in Nigeria
Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has urged banks to deepen the adoption of digital payment channels, including QR code payments, following a…
- 4 Sept 2025
FirstBank Unveils FirstMonie Merchant Solution to Revolutionize Digital Payments in Nigeria
In a bold move to deepen financial inclusion and modernize Nigeria’s payment ecosystem, FirstBank has launched its cutting-edge FirstMonie Merchant Solution, a platform designed to empower businesses…
- 2 Sept 2022
Duplo Secures $4.3M Seed Funding to Transform Business-to-Business Payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand…
- 31 Mar 2022
Interswitch Unveils Advanced Payment Solutions in Nigeria
Interswitch Group, Africa’s integrated digital payment and commerce solutions, has rolled out new solutions aimed at boosting the payment ecosystems in Nigeria. The company unveiled the new products…
- 14 Jun 2019
WorldRemit Launches New Product for Business Payments to Nigeria
Leading digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to quickly pay employees and contractors in…
- 11 May 2026
Mastercard, BMONI Launch Multi-Currency Payment Cards in Nigeria
Mastercard, global technology company in the payments industry and BMONI, smart digital wallet designed as a modern alternative to traditional banks have partnered to launch a new suite of virtual…
- 10 Nov 2025
Nigeria Records First Successful Transaction on National Payment Stack
Nigeria’s digital payment industry has reached a major milestone with the first live transaction completed on the National Payment Stack (NPS), a new digital infrastructure designed to unify and…
- 10 Mar 2021
NIBSS PLC to Launch NQR Payment Solution for Nigeria
Nigeria Inter-Bank Settlement System Plc (NIBSS), incorporated and owned by all licensed banks including the Central Bank of Nigeria (CBN).), in partnership with all financial service providers is…
- 1 Oct 2018
Mobile Drives Payment as Instant Pay Users Hit 11m
There are indications that the country’s electronic payments ecosystem is today driven by mobile means of communications as the number of Instant Pay users in the system is put at 11million with…
- 5 Sept 2016
Ikeja Electric Launches Live Chat, PoS for Instant Response to Customers, payments
Ikeja Electric Plc, Nigeria’s largest power distribution company, has launched an online “Live-Chat” service which enables customers engage with trained customer service representatives on a…
- 23 Feb 2026
Moniepoint Case Study Reveals Digital Payments Fuel Nigeria’s Vibrant Community Nightlife Economy
Moniepoint Inc., Africa’s leading all-in-one financial ecosystem, has released a new case study titled “The Business of Community Nightlife in Nigeria,” providing a rare, data-driven look into the…
- 30 Dec 2024
Verve International Achieves 70 Million Payment Cards Milestone in Nigeria
Verve International, Africa’s pioneering and largest domestic payments scheme, has announced a significant new milestone, further solidifying its market dominance in Nigeria. The company has now…
- 6 Jan 2017
Payant Disrupting Nigeria’s Invoicing & e-Payment System
Payant, offering a painless way to create invoices and receive payments has debuted in Nigeria. Aminu Bakori, founder/CEO of Friendstie Concept, the ‘disruptor’ behind Payant is a Kaduna based…
- 2 Feb 2016
i-Pay set to Launch in Nigeria
i-Pay Payment Solution, an instant electronic funds transfer (EFT) payment service provider plans to launch service in Nigeria before the end of the year. Nigeria's reputation for being at the centre…
- 28 Feb 2025
Moniepoint and Afrigopay Unite to Drive Digital Payments and Financial Inclusion in Nigeria
In a significant move to further enhance the availability of digital payment services to Nigerians, Moniepoint Inc has announced a strategic partnership with Afrigopay Financial Services Limited…
- 14 Nov 2023
Due Network Launching in Nigeria to Redefine International Payments
Due Network, a next-gen fintech startup, has announced their plans to launch their global payments platform in Nigeria. The solution offers borderless multi-currency accounts, enabling seamless…
- 5 Jun 2017
PayU Moves to Connect Businesses to N200Bn Online Payment Market
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from…
- 6 Nov 2018
Access Bank, Transfast Partner for Instant Money Transfer to Nigeria
Transfast, a leading provider of cross-border payments and remittance solutions, has partnered with Access Bank to facilitate inflow of remittance to bank accounts & delivery in the form of cash…