Nigeria · Account Transfer · Est. 2011
Nigeria's NIBSS Instant Payment system is the backbone of real-time interbank transfers in Africa's largest economy, operated by Nigeria Inter-Bank Settlement System (NIBSS). NIP enables 24/7 instant account-to-account transfers across all banks and fintech providers via account number, phone number, or BVN (Bank Verification Number). With over 200M people and a booming fintech ecosystem (OPay, PalmPay, Kuda, Moniepoint), NIP processes billions of transactions annually and is central to Nigeria's cashless policy. It also powers popular consumer apps and the NQR (NIBSS QR) standard for merchant payments.
| Capability | Status |
|---|---|
| QR Code Payments | ◐ |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | — |
| Request to Pay | — |
| Open API | ◐ |
| Alias/Proxy | — |