Скачать или смотреть The Engine of Nigeria’s Cashless Revolution | NIBSS & the Digital Payment in Nigeria

Once upon a time, sending money in Nigeria meant standing in long bank queues, writing cheques, and waiting days for funds to clear. But today, with just a tap or scan, payments happen in seconds. This transformation is powered by the Nigeria Inter-Bank Settlement System (NIBSS) — the digital backbone driving Nigeria’s instant payment ecosystem.

In this special report by Precious David-Ogaga, we explore how NIBSS has revolutionized financial transactions, fueled digital public infrastructure, and deepened financial inclusion across Nigeria — especially for underserved communities.

💡 Highlights:
• How NIBSS powers real-time payments
• ₦1.08 quadrillion in e-payments processed in 2024 alone
• The role of NIBSS in empowering small businesses and government transfers
• How digital tools are connecting millions to the formal financial system

Produced under the DPI Africa Journalism Fellowship Programme by the Media Foundation for West Africa and Co-Develop.

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