NPS processes 26.55m transactions worth N1.4tn

NPS processes 26.55m transactions worth N1.4tn

Nigeria’s new National Payment Stack (NPS) has quickly gained ground, processing 26.55 million transactions worth N1.4 trillion. Developed by NIBSS, this digital infrastructure aims to modernize the financial system, replacing the old NIBSS Instant Payment. Early adopters include First Bank, Fidelity Bank, and others. NIBSS CEO Premier Oiwoh calls it an “economic catalyst.”

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