May 28, 2017

Press Release

POS Statistics 2016

May 8th, 2017

The volume of POS transaction has grown at a CAGR of 123% between 2012 and 2016 Click here to read full report

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Cheque Transaction Statistics In 2016

April 21st, 2017

The digital economy is celebrating the decline in cheque use Click here to read full report

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Cheque Flash Report 2016

October 17th, 2016

The Cheque, as a financial instrument will officially become 358 years old on the 16th of February 2017 and it is no longer news that its usage is gradually dwindling with each passing day. According to the Bank of International Settlement (BIS), the number of Cheques written by 18 countries who still utilize Cheques dropped […]

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EPIS Awards Category, Citation & Winners Red Highlight

March 3rd, 2016

EPIS_Awards_Category_Citation_and_Winners_red_highlight

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BVN Enrollment Centers

October 16th, 2015

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2015 POS Adoption Study-Lagos State

May 21st, 2015

The Nigerian payments system has evolved from a sole reliance on traditional paper-based instruments to using electronic channels. In Nigeria, the modern payments system started out being completely paper-based with the use of banks notes, payment orders, and cheques. In 1996, the payments system was modified to include card-based e-payment products, when the Central Bank […]

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Fraud Landscape in Nigeria 2015

March 25th, 2015

Globally fraud is on the rise as well as its sophistication. In Nigeria, over the years most of these incidents have gone unreported. However, in 2013 under the directive of the CBN (Central Bank of Nigeria), NIBSS (Nigeria Interbank Settlement System Plc) developed the Anti-Fraud Portal with a view of getting the Banks to report […]

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NIBSS, IBM and Samsung Ennovate Naija Challenge

March 25th, 2015

The Central Bank of Nigeria (CBN) introduced a new policy on cash-based transactions which stipulates a cash handling charge on daily cash withdrawals. The new policy is aimed at reducing the amount of physical cash circulating, encouraging more electronic-based transactions (payments for goods, services, transfers, etc.) and drive financial inclusion by providing more efficient transaction […]

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