NIBSS Instant Payment (NIP)
NIBSS Instant Payment is so far, the most innovative and revolutionary e-payment solution designed by NIBSS to service the banking industry. NIP is the first and only point to point funds transfer service that guarantees instant value to the beneficiary. Nigeria is the only country in Africa and essentially, the world to have deployed such a solution.
The service is majorly offered via bank’s internet banking, mobile and bank branch platforms for corporates and individuals as well as through the banks’ branch network. NIP is an on-line real-time bank account numbers based Inter-bank credit transfer.