30 results
- 7 Aug 2020
CBN to Rejig Payment System Vision Strategy
Central Bank of Nigeria (CBN) has unfolded plans to review backward its 10-year Payment Systems Vision (PSV-2030) strategy, which will now span a five-year strategy and rechristened as PSV-2025. Mr.…
- 4 Dec 2024
Interswitch and CeBIH Join Forces to Promote Payment System Vision 2030
Interswitch Group, a leading integrated payments and digital commerce company in Africa, has been unveiled as key Sponsor of the Committee of e-Business Industry Heads (CeBIH) 2024 Conference. The…
- 1 Jun 2026
CBN Unveils Payment System Vision 2028, Targets 95% Financial Inclusion
Central Bank of Nigeria (CBN) has launched the Payment System Vision (PSV) 2028, a strategic roadmap aimed at expanding financial inclusion to 95 per cent of the adult population and strengthening…
- 2 Apr 2026
CBN Plans New Payment Systems Vision
Central Bank of Nigeria (CBN), has said that it will be launching a new payment systems vision that will outline where the entire ecosystem is expected to be heading in the next three years. Olayemi…
- 3 Apr 2026
CBN, Banks, Fintechs Launch PSPC to Boost Nigeria's Payment System
Central Bank of Nigeria (CBN), alongside commercial banks and fintech operators, has unveiled the Payments Service Providers Committee (PSPC) to tackle gaps in the country's payment infrastructure.…
- 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…
- 30 Aug 2013
CBN Hosts International Conference on Payments System
Central Bank of Nigeria is hosting maiden edition of International Conference on Payments System to a critical look at the Nigerian payments ecosystem. The conference will also analyse the…
- 11 May 2017
CBN Reiterates Need to Secure Payment Systems
Central Bank of Nigeria (CBN) has reiterated the need to secure payment systems in the country stem fraudulent activities in the financial sector. Mr Dipo Fatokun, Director, Banking and Payment…
- 6 Mar 2018
CBN Approves Cellulant Nigeria as Payment Service Provider
Central Bank of Nigeria (CBN) has issued an approval in principle to Cellulant Nigeria Limited to operate as a Payment Solution Service Provider (PSSP) in Nigeria. According to a statement…
- 4 Jun 2026
Moniepoint CEO Pushes New Credit Revolution for Millions of Nigerian Small Businesses
As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in Abuja, industry leaders are shifting the conversation from how money…
- 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…
- 6 Aug 2012
“Efficient Payment System’ll Enhance Effectiveness of Monetary Policy, Financial Stability”
Tunde Lemo, the deputy governor, Operations of Central Bank of Nigeria (CBN) has said that an efficient payment system will enhance the effectiveness of monetary policy and the overall financial…
- 14 Jun 2026
CBN to Expand eNaira for Salaries, Pensions and Welfare Payments
Central Bank of Nigeria (CBN) is outlining plans to process salaries, pensions, and social welfare benefits through the eNaira. The proposal is outlined in the Nigeria Payments System Vision 2028…
- 10 Sept 2025
CBN Unveils PSV-2028 fto Drive Inclusive Financial Ecosystem
Central Bank of Nigeria (CBN) has kicked off the development of a new strategic framework for the country’s payments ecosystem with the launch of the Nigeria Payments System Vision 2028 (PSV 2028),…
- 2 Nov 2014
E-PPAN, NIBSS Upbeat on Strategic Cashless Nigeria
The Nigeria Inter-Bank Settlement System Plc (NIBSS) and the Electronic Payment Providers Association of Nigeria (E-PPAN) said that through strategic alliances and partnerships across the e-payments…
- 2 Feb 2015
CBN Lists Benefits of PSV 2020 Initiative
The Payments System Vision 2020 (PSV2020) initiative of the Central Bank of Nigeria (CBN) has been described as a catalyst in the revolutionised payment system landscape of the country. Besides, it…
- 19 Jun 2026
How Fraudsters Stole N134Bn from Banks, Customers in 6 Years – CBN
Banks and their customers lost a combined N134.48 billion after criminals using illegal stole from financial institutions and its depositors between 2020 and 2025. Attempted fraud across the banking…
- 17 Mar 2024
Moniepoint Emerges Lead Sponsor of Payments Forum Nigeria - PAFON 1.0
Moniepoint Inc. a global digital financial services provider with operations in Nigeria and an ongoing expansion into other emerging markets, has emerged the lead sponsor of the maiden edition of…
- 2 Jun 2026
NPS, New Payment Infrastructure Hits 153,000 Transactions in Pilot Phase
Nigeria’s National Payment Stack (NPS) processed 153,000 transactions during its pilot phase, moving closer to a full rollout. Pic credit.....manifieldsolicitors.com This next-generation payment…
- 21 Feb 2025
Austriacard to Partner Banks, Fintechs, Others Boost Payment System
Austriacard Holdings, an international card and secure chip solution provider, has said it will partner with banks, fintechs and other stakeholders to enhance development of the Nigerian payment…
- 19 Mar 2018
CBN Unveils Regulation for Payment of Bills
Central Bank of Nigeria (CBN) has unveiled regulations for the payment of bills in the country, explaining that the move was to document the minimum standards that must be complied with for the…
- 23 Nov 2014
CBN Plans Review of e-Payment Guidelines
Alhaji Suleiman Barau, deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), has said the apex bank may soon commence comprehensive review of electronic payment (e-payment)…
- 9 Jun 2026
CBN to Deploy AI in Fight Against Payment Fraud
Central Bank of Nigeria (CBN) has unveiled plans to deploy Artificial Intelligence (AI) to strengthen fraud prevention and enhance the efficiency of the country’s digital payments ecosystem as part…
- 21 Feb 2025
OnePipe Launches PaywithAccount: Revolutionizing Payment Collections in Nigeria
For many Nigerian small business owners, cash flow isn’t just a challenge—it’s a constant battle. Whether it's schools struggling with delayed tuition payments, logistics firms dealing with…
- 7 Dec 2018
Airtel Nigeria Banks on 40m Subscribers for “Payment Bank”
Airtel Nigeria is to set up a payment service bank (PSB) in Nigeria, that would help to deliver mobile banking services to its teeming customers, according to Segun Ogunsanya, its managing director.…
- 25 Feb 2016
Confusion as CBN Says eTranzact, Others not Licensed PSSPs
Central Bans of Nigeria (CBN) has claimed that only four e-payment firms in the country are licensed as Payment Solution Service Providers (PSSPs), according to financialtechnologyafrica.com. The…
- 17 Sept 2015
New CBN Rule will Spur Online Market Activity- Jovago
In a bid to fast-track the transition of Nigeria’s cash-based economy to an online payments system, the Central Bank of Nigeria (CBN) has issued a directive which places existing withdrawal limits on…
- 13 Nov 2025
PalmPay Executes Nigeria’s First Live Transaction on the National Payment Stack
PalmPay, Nigeria's leading digital banking platform, has once again demonstrated its leadership in driving the nation’s payment revolution. In a landmark development for Nigeria’s digital economy,…
- 5 Nov 2016
NIBSS Partners Etisalat, Others to Unveil mCash Payment Solution
In furtherance of the financial inclusion vision of the Central Bank of Nigeria, the Nigeria Inter-Bank Settlement System(NIBSS) in partnership with several banks and four GSM operators, has unveiled…
- 20 Nov 2013
CWG Sees Growth Potential in Payment Solutions in Nigeria
In a bid to make financial services accessible to all Nigerians (financial inclusion) in a cost effective manner and also ensure the industry is on the right track to achieving the PS Vision 2020,…