NIBSS

Nigeria Inter-Bank Settlement System

About NIBSS

Nigeria Inter-Bank Settlement System Plc (NIBSS) was incorporated in 1993 and is owned by all licensed banks including the Central Bank of Nigeria (CBN). NIBSS commenced operations in June 1994 and serves as Nigeria's premier payment infrastructure company.

As one of our valued clients, NIBSS represents excellence in financial technology and payment system innovation. Their commitment to transforming Nigeria's payment ecosystem through cutting-edge solutions aligns perfectly with our mission to deliver world-class technology infrastructure and services.

NIBSS Payment Systems

Core Services

NIBSS's comprehensive approach to powering Nigeria's digital payment infrastructure

National Payment Stack

Nigeria's next-gen digital infrastructure connecting banks, fintechs, government, and citizens on a secure, interoperable platform to boost inclusion and efficiency.

Nigeria Central Switch

Providing interconnectivity and interoperability of retail electronic payments in Nigeria for ubiquitous card acceptance across all channels.

Banking & Finance

Working with all banking institutions and financial institutions on both payments and collections, enabling seamless financial transactions.

Instant Payments (NIP)

Enabling real-time transfers that power emergencies, businesses, and everyday moments, transforming lives across Nigeria with instant payment solutions.

Retail & e-Commerce

Fostering the growth of transaction volume in the retail sector through innovative consumer payment solutions and e-commerce integrations.

Enterprise Bill Payments

Robust systems, platforms, and products that enable public and private enterprises to make rapid electronic bulk payments efficiently.

Payment Technology Innovation

Powering Payment Innovation

NIBSS is committed to accelerating the financial service space with transformational technologies and innovations. From 3-day wait times to per-second transactions, NIBSS has revolutionized how bank transfers work in Nigeria, enabling seamless, secure payment solutions for everyone.

Their partnership with Iris Smart Technology demonstrates their commitment to cutting-edge infrastructure and innovative solutions that support Nigeria's digital payment transformation. Every payment tells a story of progress, hope, and empowerment across the nation.