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NIBSS unveils NQR code payment system to promote digital transaction, boost businesses

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. ....

Aishah Ahmad , Bank Settlement System Plc , Financial Systems Stability Central Bank , Inter Bank Settlement System Plc , New Quick Response , Banking App , Deputy Governor , Regulatory Framework , Sandbox Operations , Open Banking , Chief Executive Officer , Premier Oiwoh , வங்கி தீர்வு அமைப்பு ப்ல் , நிதி அமைப்புகள் ஸ்திரத்தன்மை மைய வங்கி , இடை வங்கி தீர்வு அமைப்பு ப்ல் , புதியது விரைவான பதில் , வங்கி செயலி , துணை கவர்னர் , ஒழுங்குமுறை கட்டமைப்பு , சாண்ட்பாக்ஸ் செயல்பாடுகள் , திறந்த வங்கி , தலைமை நிர்வாகி அதிகாரி ,

NQR code payment system launches in Nigeria

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. ....

Temidayo Adekanye , Niyi Ajao , Christabel Onyejekwe , Aishah Ahmad , Bank Settlement System Plc , Bank Settlement System , Financial Systems Stability Central Bank , Business Development , Nigeria Inter Bank Settlement System Plc , New Quick Response , Payment Solution , Banking App , Deputy Governor , Regulatory Framework , Sandbox Operations , Open Banking , Chief Risk Officer , Nigeria Inter Bank Settlement System , Executive Director , Premier Oiwoh , Deputy Managing Director , Nigeria Quick Response , வங்கி தீர்வு அமைப்பு ப்ல் , வங்கி தீர்வு அமைப்பு , நிதி அமைப்புகள் ஸ்திரத்தன்மை மைய வங்கி , வணிக வளர்ச்சி ,