NIBSS to launch QR code payment solution in Nigeria

Thursday 11 March 2021 13:09 CET | News

Nigeria Inter-Bank Settlement System (NIBSS) is set to launch a QR code driven payment solution in partnership with all financial service providers in the country.

The NQR payment solution is an indigenous QR code platform, which is being introduced by NIBSS on behalf of all financial service providers in the country. The solution aims to serve as a catalyst to boost financial inclusion while providing access to financial services to Nigerians. NQR provides a ‘touch-free’ option for receiving and making payments for goods and services by scanning to pay.

The NQR solution will be launched on the 15 March 2021 in a virtual event, and consequently rolled out nationwide.

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Keywords: NIBSS, QR code, mobile payments
Categories: Payments & Commerce
Countries: Nigeria
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