Tag Archives: NIBSS

Death by a billion transfers; the immortality of cash is exaggerated

‘Cash is king,’ so says the famous adage. But digital payments have been waging and winning a silent war against cash for years, but nobody seems to be noticing. We all say that cash can’t be knocked off, but we are so wrong because if you expected a bloody revolution where digital payments overtake cash […]

Where are these 37 Million Ghostpreneurs in Nigeria?

The ongoing revolution in payments, automated credits, and self-service onboarding that have fueled massive growth in digital banking over the last 3 years seems to have largely overlooked the Nigerian Micro, Small and Medium Enterprises (MSME) sector. Forget whatever anyone says, the small business owners have been left behind.  Who did they offend? At a […]

mCash would change the future of payments in Nigeria

The Nigeria Inter-Bank Settlement System (NIBSS), along with numerous banks, have launched mCash as an alternative payment system in the populous country in Africa. mCash rides on USSD and anyone can easily use the code to make payments at large stores, corner shops, etc. The mCash payment system, which is automatically available to over 28 […]