A real-time gross settlement (RTGS) system, Knox Wire, has assured Nigerian financial institutions of seamless cross-border payment using over 150 currencies.
25 Nov 2021
To capitalise on future growth opportunities and the all-round benefits that comes with global markets, ‘Unlimint’ a payment solutions provider has said there is need for business...
8 Nov 2021
Katsina State Internal Revenue Service (KIRS) has begun receiving revenue accruing to government through electronic means.
25 Feb 2021
The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Inter-Bank Settlement System Plc (NIBSS) has unveiled a professional certification programme on electronic.....
15 Jan 2021
The Central Bank of Nigeria (CBN) has issued fresh guidelines aimed at strengthening the payment system and development of other disruptive technologies relating to financial services.
11 Feb 2020
The nation’s electronic payment (e-payment) system landscape has risen to a new height of about N592 trillion worth of transactions in 2019...
20 Jan 2020
Open Banking is an initiative that is aimed at addressing the challenge confronting many bank customers, especially those with multiple bank accounts.
30 Dec 2019
Payment system experts have stressed the need for electronic payment (e-payment) providers to embrace increased partnerships and utilisation of data analytics to sustain the triple digit growth...
6 Jun 2019
The first quarter (Q1) transactions record of the electronic payment (e-payment) channels across the country, showed a shortfall of N5.13 trillion at N34.02 trillion, against N39.15 trillion recorded in Q4 of 2018.
19 May 2019
Section 2 (2) of the Consumer Protection Framework of the Central Bank of Nigeria (CBN) states that financial institutions shall act in the best interest of consumers in the provision of advice and execution of transactions.
18 Mar 2019
The deluge of dispense error and non-reversal of failed transactions at the Point Of Sale (POS) terminal and ATM, have been largely attributed to the Nigeria Inter-Bank Settlement System (NIBSS). The blame is coming as the platform of the institution that is strategic for clearing and settlement of inter-bank transfers and payments, has been reportedly…
3 Jul 2018
Unified Payments (UP), an electronic payment company in Nigeria, has unveiled what it described as first-in-class solution in the sector tagged: “UP Hourly Settlement Service (UP-HSS).” According to the company, the product is positioned to enable merchants get their monies hourly for every successful e-payment transaction they do. The hourly settlement for every successful e-payment…