185x Filetype PPTX File size 2.14 MB Source: www.itu.int
The Company NIBSS Plc 2 NIBSS Critical Stakeholder NIBSS is owned by all the Banks in Nigeria and the Central bank of Nigeria. 3 NIBSS Mandate 1 Provides a shared service/infrastructure for the Nigeria financial system A payments processing Company for payments 2 schemes (local & international) in Nigeria, and act as a settlement Company for both inter-bank and inter- scheme payments 3 Initiates and develops an integrated nationwide network for the electronic or paperless funds transfer and settlement of transactions. 4 Provides framework for elevating the level of efficiency in funds transfer services generally 5 NIBSS commenced operation in June 1994. 4 NIBSS Value Proposition NIBSS is the central utility for Nigeria Payments System SHARED SERVICE OPERATOR INFRASTRUCT OF THE URE NIGERIA OPERATOR OF AUTOMATED THE NIGERIA CLEARING CENTRAL SYSTEM SWITCH(NCS) (NACS) NIBSS’S VALUE INTER- PROPOSITION E-PAYMENT BANK AND PAYMENTS ANCILLARY AND PRODUCTS & SETLEMENT SERVICES SERVICES PAYMENTS TERMINAL SERVICES AGGREGATOR NIBSS is a major driver of the Cash-Less Nigeria project and an enabler of e-payments. NIBSS has an established Training Institute. 5 The Nigeria Central Switch and Mobile Payment Interoperability 6
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