October 17, 2017

Nigeria Central Switch (NCS)

As the Nigeria Central Switch, NIBSS is responsible for the interoperability between the various players in the financial system. Interoperability involves the ability of the various players Banks, Mobile Payment Operators, Non-Banking Financial Institutions, Payment Terminal Providers, Card Acquirers, Government Institutions etc., and their customers to send, receive and process funds, documents and other instruments electronically through a common channel – NIBSS.

NIBSS also ensures that the central switch facilitates the entry of new players into the financial industry to seamlessly plug into the financial services sector for easy operations thus creating a level playing field for all financial institutions and their customers.