{
  "id": 14103179,
  "title": "NIBSS Deploys New Payment Stack to Expand Instant Transfers Infrastructure",
  "url": "https://urgent.news/2026/10/13/nibss-deploys-new-payment-stack-to-expand-instant-transfers",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-13T02:51:42.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/13/nibss-deploys-new-payment-stack-to-expand-instant-transfers-infrastructure/"
  },
  "original_language": "en",
  "account": "The National Inter-Bank Settlement System (NIBSS) in Nigeria has introduced a new payment platform, the National Payment Stack (NPS), utilizing open-source technology to enhance its digital payment infrastructure. The platform, designed and developed by NIBSS, runs on Transactility's jPTS switching platform, which supports instant payments based on the ISO 20022 messaging standard. This gives NIBSS greater control over the development and expansion of critical payment services as demand and transaction volumes evolve.\n\nNIBSS Managing Director/Chief Executive, Premier Oiwoh, stated the platform was created to meet the scale and demands of Nigeria's payments market, acknowledging the jPOS ecosystem's flexibility for future development. The NPS supports various payment services, including account-to-account transfers, QR-code payments, alias-based transactions, and bulk payments. Its architecture is designed to process national payment transactions efficiently while allowing room for additional services as the market expands.\n\nA key feature of the NPS is its adoption of ISO 20022, an international financial messaging standard that enables more structured and detailed information in payment transactions, paving the way for richer transaction data and better interoperability. NIBSS built the platform using a modular architecture, combining its engineering capabilities with selected open-source and enterprise technologies, including JPOS, an open-source framework for payment transaction processing.\n\nThe deployment of NPS combines local engineering expertise with established technology, illustrating the potential for open-source technology to support large-scale payment systems. Transactility, a US-based company, supplies the jPTS platform, and its founder and CTO, Alejandro Revilla, described the deployment as a milestone for the company and the payments community, highlighting the role of open-source technology in supporting national-scale payment systems.",
  "summary": "• Open-source architecture supports QR payments, phone-number addressing, allows for greater flexibility over upgrades, product development James Emejo in Abuja Nigeria Inter-Bank Settlement System (NIBSS) has deployed a new national",
  "key_points": [
    "National Inter-Bank Settlement System (NIBSS) launches National Payment Stack (NPS) platform.",
    "NPS built on open-source Transactility jPTS platform supporting ISO 20022 messaging standard.",
    "NPS enables instant account-to-account transfers, QR-code payments, and bulk transactions."
  ],
  "editors_take": "Adopting open-source technology and international messaging standards gives NIBSS the modular control necessary to scale Nigeria's digital payment infrastructure alongside rising transaction volumes and evolving market demands.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}