NIP — Payment Network Profile | nonusd
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Africa
2011
NIP
NIBSS Instant Payment
🇳🇬 Nigeria
NGN (Nigerian Naira)
Issuer
Nigeria Inter-Bank Settlement System (NIBSS)
Visit issuer →
Payment Types
P2P
P2B
B2B
Bank-to-bank transfers
Bill payments
Account-based instant transfers
Key Features
Real-time interbank payment processing
Direct participation from banks and mobile money providers
Centralized infrastructure
Account number-based transfers
First African IPS to reach mature inclusivity (2025)
Statistics
yoy growth
16.6%
market share
Underpins over 90% of bank-to-bank transfers in Nigeria
transactions 2022
5.2 billion (₦387.1 trillion value)
transactions 2024
11.3 billion
inclusivity ranking
First African IPS to reach 'Mature' level on AfricaNenda Inclusivity Spectrum
unbanked population
26% of Nigerians still unbanked
Profile
Network
NIP
Full Name
NIBSS Instant Payment
Country
🇳🇬 Nigeria
Currency
NGN (Nigerian Naira)
Region
Africa
Launched
2011
Issuer
Nigeria Inter-Bank Settlement System (NIBSS)
Links
Issuer
nibss-plc.com.ng
Product
nibss-plc.com.ng/nip
Developer
nibss-plc.com.ng
Made by
@dylansz_
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