Tag Archives: Electronic Payment

The United Bank for Africa Plc and MFS Africa, Africa’s digital payments hub, have entered into a partnership that will enable both institutions offer innovative and timely solutions to a wide range of customers, especially in the area of remittances, electronic money services, SME payments, as well as integration to …

The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for Bank Verification Number (BVN) matching system, mainly for a harmonized way of verifying customer’s identity. This, the company owned by all deposit money banks said, is to undergird the centralized BVN  for a uniform repeatable approach in …

The Point of Sale (PoS) transactions between 2017 and 2019 have increased to N6.9 trillion. The latest industry statistics by Nigeria Interbank Settlement System (NIBSS) shows that the upward trend in electronic payment via PoS persisted last year. Further finding revealed that, N1.41trillion value of transactions was carried out on …