#nibss

In today’s digital age, securing your financial transactions and personal information is more important than ever. According to the 2023 NIBSS Annual Fraud Landscape report, incidents of “Fraud loss via Internet Banking increased by 325% between 2022 and 2023, with Mobile, Web and POS being the most exploited channels by fraudsters in the country.” At PalmPay, we prioritise the security of our…

CBN, NIBSS, to Introduce National Card Scheme

CBN, NIBSS, to Introduce National Card Scheme The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card scheme to improve the payment system in Nigeria. Mr Premier Oiwoh, Managing Director, NIBSS, said this at a Bankers’ Committee press briefing on Thursday. He said the scheme, which had been…

FirstBank announces partnership with NIBSS on NQR payment solution

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution. The NQR is an innovative payment option implemented for all financial service providers and designed to promote quick and fast transactions…

NIBSS Makes Its QR Payments System Available In Lagos

Gone is the era where traders at the market rejected cashless options of payments. These days, if they’re not accepting payments via their Point-of-Sale (POS) machines, they are accepting direct transfers to either their personal or business accounts. Another cashless option that has become quite the order of the day is the Quick Response (QR) Payment, which involves scanning a barcode to make…