NIBSS Completes First Live Transaction on National Payment Stack System

The Nigeria Inter-Bank Settlement System (NIBSS) has successfully executed its first live transaction on the National Payment Stack (NPS). This milestone, achieved between PalmPay and Wema Bank on Friday, marks a significant step forward for NPS, built upon the legacy of NIBSS Instant Payment (NIP). The transaction took place in milliseconds, showcasing the system’s speed and instant settlement capabilities. ]