NIBSS Unveils National Payment Stack to Revolutionize Instant Payment in Nigeria

Understanding Nigeria’s new payment technology for speedy transactions - Prime Progress NG

On June 18, 2025, Nigeria launched a new payment technology, the National Payment Stack (NPS). The aim is to make instant payments work at near light speed. Launched by the Nigeria Inter-Bank Settlement System (NIBSS) domiciled at the Central Bank of Nigeria (CBN), the new technology is further intended to correct the failings of the NIBSS Instant Payments (NIP), which has been operational since 2011. The NIP system was designed to work this way…

NIBSS Unveils National Payment Stack, Pioneering the Future of Nigeria’s Digital Payments - Innovation Village | Technology, Product Reviews, Business

The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), a major milestone that signals the beginning of a new era in the country’s financial services sector. Unveiled at a ceremony in Lagos, the NPS is designed to replace the long-serving NIBSS Instant Payment (NIP) system and usher in a more advanced, inclusive, and secure payments infrastructure. What Makes the National Payment Stack Different…

NIBSS Unveils National Payment Stack, Sets New Standard For Africa’s Digital Payment Landscape

June 18, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) has launched the National Payment Stack (NPS), a next-generation, ISO 20022-compliant national payment infrastructure, in a landmark event held on Tuesday, June 17, 2025, at the Eko Hotel and Suites, Lagos. This unveiling marks a significant milestone in Nigeria’s digital transformation journey and reaffirms NIBSS’s […] The post NIBSS Unveils National Payment Stack, Sets New S…

NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria

Nigeria Inter-Bank Settlement System (NIBSS) has unveiled a new payment solution called National Payment Stack (NPS) to revolutionise instant payment in the country.  The post NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria  appeared first on Nairametrics.