NIBSS, Transactility to power Nigeria’s next-gen national payment stack
The Nigeria Inter-Bank Settlement System has partnered with Transactility to build the National Payment Stack, a next-gen platform for Nigeria’s ecosystem. Read More: https://punchng.com/nibss-transactility-to-power-nigerias-next-gen-national-payment-stack/
NIBSS, the Nigeria Inter-Bank Settlement System, has partnered with Transactility to build the National Payment Stack (NPS), a next-generation ISO-20022 instant payments platform designed for Nigeria's payments ecosystem. Utilizing Transactility's jPOS open-source technology, NIBSS has developed a modular architecture combining locally developed capabilities with selected open and enterprise technologies.
The NPS platform supports account-to-account instant transfers, QR merchant payments, alias-based addressing, and bulk payments, delivering the performance and availability required for national payment infrastructure while providing a foundation for new financial services. Transactility's CEO, Alejandro Revilla, praised the development as a significant milestone for both organizations, highlighting the potential of open technology and local engineering in building scalable payment infrastructure.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
