Read more about the article CBN orders PoS providers to integrate systems with NIBSS, UPSL within one month

CBN orders PoS providers to integrate systems with NIBSS, UPSL within one month

The Central Bank of Nigeria (CBN) has ordered all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified…

Continue ReadingCBN orders PoS providers to integrate systems with NIBSS, UPSL within one month
Read more about the article NIBSS payment system becomes Africa’s first to reach mature inclusion
Launch of State of Inclusive Instant Payment Systems 2025 Report | Photo: Premium Times

NIBSS payment system becomes Africa’s first to reach mature inclusion

Nigeria’s instant payment system has attained AfricaNenda’s highest inclusivity rating after improvements to dispute resolution and other user-protection mechanisms. Nigeria’s NIBSS Instant Payment (NIP) system has become the first instant…

Continue ReadingNIBSS payment system becomes Africa’s first to reach mature inclusion