Chief Risk Officer, Nigeria Inter-Bank Settlement System, (NIBSS), Temidayo Adekanye, (left); Executive Director, Business Development, NIBSS, Christabel Onyejekwe; Managing Director/Chief Executive Officer, NIBSS, Premier Oiwoh and Deputy Managing Director, NIBSS, Niyi Ajao, at the official launch of the Nigeria Quick Response (NQR) payment solution powered by NIBSS in Lagos.
Nigeria Inter-Bank Settlement System Plc (NIBSS) has launched an innovative payment platform, New Quick Response (NQR) code, to promote digital transaction and enhance consumer payment experience while driving growth for business owners.
According to the financial provider, the payment platform, implemented on behalf of all financial service providers, will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.
NIBSS launches new quick response payment system
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NIBSS launches code payment system
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Nigeria Inter-Bank Settlement System Plc (NIBSS) today announced the launch of the NQR payment solution; an innovative payment platform implemented on behalf of all financial service providers. The New Quick Response code solution offers a robust platform that delivers instant value for P2B and P2P transactions by simply scanning to pay. It is a solution that will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.
This Payment Solution designed to be “low cost” for merchants would see shoppers scan a QR code generated by a seller to pay for an item. Each code will have unique details containing the information relating to the transaction and would link with a customer’s Banking App, already enabled on their smartphone.