The Nigeria Inter-Bank Settlement System (NIBSS) Plc, Nigeria’s foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ISO 20022 compliant digital infrastructure designed to succeed legacy NIBSS Instant Payment (NIP) system and modernize Nigeria’s financial ecosystem. Unifying payments, identity, and data onto a single intelligent rail, the multi-currency architecture bridges transaction processing and payment intelligence while establishing robust cross-border capabilities. Initial operational metrics highlight rapid commercial adoption, with the NPS platform already recording 26.55 million transactions valued at ₦1.4 trillion across 48 participating…
Read MoreNPS Processes Over 26million Transactions as First Bank and Fidelity Bank Lead in Volume and Value
