30 results
- 1 May 2019
How Digital Payment is Disrupting Traditional Payment System
By Adeniyi Ogunfowoke, Digital payment is no doubt the future as more and more Nigerians embrace it. This is because whether we like it or not, the era of carrying or paying cash will soon come to an…
- 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…
- 9 Apr 2018
Lagos Enhances Transit Payment System with EMV Contactless Card
Commuters on the Lagos Bus Rapid Transit (BRT) system can now board buses using a contact-less card payment system. The system allows commuters who ride on BRT buses to make payments via their Lagos…
- 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…
- 16 Mar 2009
Dana Air Launches Online Payment System
Nigeria's newest domestic carrier, Dana Airlines which has just completed 120 days of its commercial flight operations in Nigeria, has launched online payment system. The online payment system,…
- 4 May 2023
Nigeria’s Payment System among Best Globally- eTranzact CEO
Mr Niyi Toluwalope, Chief Executive Officer (CEO) of eTranzact, an electronic and mobile payment solution company, says the Nigerian Payment System is among the best in the world. Toluwalope said…
- 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…
- 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.…
- 23 Sept 2014
CBN Seeks Banks’ Support to Tackle Payment System Impediments
The Central Bank of Nigeria (CBN) yesterday called for support from the banking sector to strengthen consumer confidence in the country’s payment system. Godwin Emefiele, governor of the apex bank,…
- 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…
- 14 Oct 2019
CBN Issues Guidelines for Indirect Payment System
The Central Bank of Nigeria (CBN) has issued new operating guidelines for Indirect Participants in Payments System. In a circular to Deposit Money Banks and Other Financial Institutions, the…
- 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…
- 11 Apr 2018
NCC, CBN Ink Agreement on Payment Systems
Nigerian Communication Commission ( NCC ) and the Central Bank of Nigeria ( CBN ) on Tuesday in Abuja signed a Memorandum of Understanding ( MoU ) on payment system. Prof. Umar Danbatta,…
- 25 Aug 2018
The Role of E-Payment Systems in Doing Business in Nigeria
By Rotimi Adeniyi-Akintola Countries the world over are witnessing the rapid evolution of payment systems. These changes follow the technological shift from traditional modes of payment such as cash,…
- 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…
- 22 Mar 2010
Ecobank Advocates Enhanced Payment System
Ecobank has advocated collaboration among banking partners and regional financial regulators in West Africa to strengthen the payment system. Arnold Ekpe, Ecobank Group Chief Executive Officer,…
- 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…
- 25 Sept 2013
Interswitch Clients Scoop CBN Payment System Awards
Four Interswitch clients have won in their categories at the Central Bank of Nigeria (CBN) Payment System Awards, held in Abuja recently. All four have been recognized by the Central Bank of Nigeria…
- 29 Jul 2024
Omoniyi Kolade, CEO of SeerBit Campaigns for Unified Payment System to Boost Intra-African Trade
Omoniyi Kolade, CEO of SeerBit has called for implementation of a Unified Payment System (UPS) throughout Africa in order to promote financial inclusion, ease economic integration, and foster…
- 23 Dec 2019
Stakeholders in Agribusiness Seek Robust Payment System to Stimulate Growth
Stakeholders in the Agribusiness have emphasized that adequate payment system in the sector would transform and create a movement that will change the ecosystem and make it more profitable for…
- 28 Jun 2022
Afreximbank Unveils Pan-African Payment and Settlement System
The African Export-Import Bank has created a payment solution platform, Pan-African Payment and Settlement System, to facilitate instant cross-border payments in local African currencies. This is…
- 23 Jul 2018
Stakeholders Seek Digitalization of Retail Payment System
Stakeholders in the financial technology ecosystem have thrown their weight behind digitalization of retail payment system in the country as a boost to financial inclusion initiative of the Central…
- 8 Nov 2023
MoMo Inks MoU with Kwik Delivery to Revolutionise Payment System
MoMo Payment Service Bank (MoMo PSB), a leading financial institution, and Kwik Delivery, a prominent logistics and warehousing company in Africa, are excited to announce their strategic partnership…
- 5 Jun 2018
Bauchi Adopts E-payment System to Fish out Ghost Workers
Bauchi state government has adopted digital payment system to fish out ghost workers in the state government payroll. Speaking at a press conference with journalists on Monday, the Head of Service…
- 27 Mar 2025
Fintech, Remittances Anchor Africa's Booming Payments System
Africa's Micro, Small, and Medium Enterprises, fintech industry, scaling remittances, and cross-border payments will be the driving forces behind the continent's digital ballooning payments system,…
- 25 Jun 2021
eTranzact Inks Partnership with Cameroonian Govt to Drive Digital Payment System
eTranzact, Nigeria’s premier payment processing platform has entered into a major strategic partnership with the Cameroonian Government to drive its electronic communication aggregation platform.…
- 13 Sept 2017
Innovation Summit to Address Gaps in Payment System
A summit on Point of Sales (PoS) terminal transactions in the country has been scheduled to hold in Lagos on the 29th September 2017. The program which is an intervention to address the gaps…
- 26 Jan 2023
NGX to Launch USSD Integrated Payment System
Mr. Temi Popoola, the chief executive officer, Nigerian Exchange Limited (NGX), has disclosed the Exchange plan to launch an Unstructured Supplementary Service Data (USSD) to unlock Africa’s capital…
- 7 May 2026
CAC Launches REV-OP, Direct Payment System on Portal
Corporate Affairs Commission (CAC) has introduced a direct payment option on its portal. A statement posted on the Commission’s official X handle, noted that the move is aimed at streamlining…
- 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…