Certified payment providers N/A
Market coverage 1
["Nigeria"]
Nigeria
Nigeria
Currencies 1
- Nigeria Naira
Description
NIBSS (Nigeria Inter-Bank Settlement System) is an interbank payment company in Nigeria. It was established in 1993 as a subsidiary of the Central Bank of Nigeria (CBN) and licensed commercial banks in Nigeria.
NIBSS is responsible for managing the electronic payment infrastructure in Nigeria. Its primary objective is to promote efficiency and security in electronic payments within the country. It facilitates interbank transactions and provides a platform for online payment services, fund transfers, real-time payments, salary payments, bill payments, and other related services.
The NIBSS payment method is used to conduct electronic transactions in Nigeria. It enables individuals and businesses to securely and efficiently transfer money and make electronic payments. Users can make payments from their bank accounts using debit cards, credit cards, or other electronic payment methods.
NIBSS has implemented various products and services to facilitate electronic payments, such as the NIBSS Electronic Funds Transfer (NEFT), NIBSS Instant Payment (NIP), NIBSS Central Pay, NIBSS Automated Clearing System (NACS), and other electronic payment solutions.
