nibss

  1. Customers Frustrated as NIBSS Downtime Impacts Electronic Transactions Across Nigeria

    Nigeria Customers Frustrated as NIBSS Downtime Impacts Electronic Transactions Across Nigeria

    Nigeria's Inter-Bank Settlement System (NIBSS) grapples with downtime, causing delays in electronic transactions. Fintech firms notify customers of disruptions, hindering bill payments and transfers. Issues affect NIBSS's instant payment platform, impacting transfers to Kuda accounts and other...
  2. NIBSS Cracks Down on Unlicensed Fintechs Masquerading as Deposit-Takers in Nigeria

    Nigeria NIBSS Cracks Down on Unlicensed Fintechs Masquerading as Deposit-Takers in Nigeria

    In a significant move aimed at curbing fraud and addressing lapses in customer verification processes, the Nigeria Inter-Bank Settlement System (NIBSS) has issued a warning against unlicensed financial services companies masquerading as deposit-taking institutions. In a memo to banks, fintechs...
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