The Nigeria Inter-Bank Settlement System Plc (NIBSS) was discovered by the choice of the Bankers Committee in 1992, as a Shared-Service infrastructure for facilitating payments finalities, streamlining Inter-bank payments and settlement mechanisms, to drive and promote Electronic Payments across the Nigerian money trade.
In this review we would be fully analyzing most of the things we must know about NIBSS, which was Incorporated in Apr 1993 it commenced operations in June 1994 by deploying state of the art technologies to enhance the central bank of Nigeria (CBN) payment activities and has since driven and contributed vastly to the expansion of the Nigerian Payments System. NIBSS continues to drive collaboration with all Nigerian Banks, Card schemes, Processors, Payment Terminal Service providers (PTSPs), Mobile money Operators (MMO), Telecommunication suppliers and different Payment Service providers to boost adoption of Electronic Payment in Africa Largest Economy.
How To Make Instant Online Transfer With The Inter Bank Settlement System
Step1 Login to your Bank Online Platform
Step2. Select the NIP Transfer option which is the Instant transfer platform.
Step3. Follow the instructions based on your bank advise to complete the transaction.
Note: Do not select the NEFT Transfer option if you want an instant transaction as NEFT is meant for the Next Day Transfer.
NIBSS Nigeria Inter-Bank Settlement System Office Addresses
Plot 1230, Ahmadu Bello Way
Bar Beach, Victoria Island
P. M. B. 12617
Northern Regional Office
Plot 1568, Mohammadu Buhari Way
Garki II , Abuja, Nigeria
NIBSS Contact Centre
Toll Free line: 0800ASKNIBSS (080027564277)