The Nigeria Inter-Bank Settlement System (NIBSS) has adopted fee processing technology from Transactility Inc. to develop its National Payment Stack (NPS), a next-generation prompt funds platform designed to assist Nigeria’s evolving funds ecosystem.
NIBSS disclosed this in an announcement on Tuesday, saying the platform makes use of a modular structure that mixes internally developed capabilities with chosen open-source and enterprise applied sciences.
The platform makes use of Transactility’s jPTS change, constructed on the open-source jPOS framework, to assist its fee processing capabilities.
NIBSS mentioned the modular strategy offers it entry to the platform’s supply code, permitting it to customize the system, retain management of its structure and improvement roadmap, and reply to altering market and regulatory necessities.
Platform to assist prompt transfers, QR funds
According to the assertion, the National Payment Stack helps account-to-account prompt transfers, QR service provider funds, phone-number-based fee addressing and bulk funds.
NIBSS mentioned the platform was designed to ship the efficiency and availability required for nationwide fee infrastructure whereas supporting future fee providers.
The organisation has used jPOS technology in its fee infrastructure for a number of years, notably for processing transactions based mostly on the ISO 8583 messaging customary.
The National Payment Stack additionally incorporates jPOS’s newly launched assist for the ISO 20022 messaging customary to fulfill the altering necessities of Nigeria’s funds market.
Commenting on the adoption, Managing Director and Chief Executive Officer of NIBSS, Premier Oiwoh, mentioned the platform was designed to fulfill the size and calls for of Nigeria’s funds market.
- “The jPOS ecosystem gives us the flexibility to continue developing the platform as the ecosystem evolves,” Oiwoh mentioned.
Founder and Chief Technology Officer of Transactility, Alejandro Revilla, described the event as an vital milestone for the corporate and the broader funds neighborhood.
He mentioned the NPS demonstrated how open technology and native engineering may assist the event of nationwide fee infrastructure at scale.
More on NIBSS and jPOS
NIBSS Plc was integrated in 1993 and is owned by the Central Bank of Nigeria and all licensed deposit cash banks within the nation.
- The organisation supplies fee infrastructure for interbank transfers, clearing and settlement, in addition to id verification by means of the Bank Verification Number (BVN) system. It additionally helps point-of-sale funds and initiatives aimed toward advancing monetary inclusion and fee innovation in Nigeria.
- Transactility, headquartered in Boca Raton, Florida, is the business steward of jPOS, an open-source framework for fee transaction processing. Its merchandise embody jPTS, jCard and ISO/Bridge, serving purchasers in additional than 120 international locations.
The jPOS framework has been used for greater than 25 years to develop fee gateways, switches and transaction-processing programs supporting ISO 8583 and ISO 20022 messaging requirements.
Background to the National Payment Stack
The adoption of jPOS technology builds on NIBSS’s ongoing improvement of the National Payment Stack, which was launched to strengthen Nigeria’s prompt fee infrastructure.
NIBSS unveiled the National Payment Stack in June 2025 as a next-generation prompt fee platform designed to construct on the prevailing NIBSS Instant Payment (NIP) infrastructure. The platform helps real-time transactions, prompt settlement, ISO 20022 messaging and bulk funds, amongst different capabilities.
In June 2026, Nairametrics reported that the NPS had processed 153,000 transactions during its pilot phase forward of its wider rollout. The report detailed the platform’s progress throughout its pilot part.
