NIBSS moves to eliminate transfer fees on instant payments by 2026
Nigeria’s Interbank Settlement System (NIBSS) has unveiled plans to eliminate transfer fees on its NIBSS Instant Payment (NIP) platform by 2026, a move designed to accelerate the country’s transition from a cash-heavy economy to a smart, digitally driven financial system. Premier Oiwoh, managing director and chief executive officer of NIBSS, announced the initiative at the…