Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced a game-changing partnership with the Nigeria Interbank Settlement System (NIBSS) that will make your payment transactions smoother and faster than ever before. Buckle up, because your payment experience is about to level up big time!
So what’s the scoop? The Central Bank of Nigeria (CBN) has just dropped a new directive, making it mandatory for all Point of Sale (POS) transactions to go through a Payment Terminal Service Aggregator (PTSA). And so, Interswitch is partnering with NIBSS to serve as its primary PTSA partner. This partnership goes beyond meeting regulatory requirements. it is about setting new standards for payment excellence.
The CBN’s directive is all about ramping up the monitoring of digital transactions across Nigeria. It’s designed to make sure your transactions are secure, reliable, and most importantly, super smooth and efficient, setting the stage for a stronger and more robust digital payment landscape.
What’s in it for you, the awesome merchants and agents? First off, get ready for more seamless and secure POS transactions. With both Interswitch and NIBSS bringing their A-game and leveraging their robust infrastructures, you can look forward to major boosts in connection speed, system reliability, and overall transaction success. Say goodbye to payment delays and hello to a faster, smoother experience.
But that’s not all! This partnership will also drive innovation at lightning speed! Interswitch is rolling out cutting-edge solutions for terminal re-certification and ensuring optimal transaction processing uptime, so your transactions are up and running 24/7 without a hitch.
And here’s the icing on the cake: customers can enjoy a hassle-free payment experience with no service disruptions. Interswitch is committed to making this transition as smooth as possible, with ongoing pilots and rigorous testing in place to ensure everything runs perfectly. Get ready for an upgraded payment experience that makes every transaction effortless and seamless.
The collaboration between Interswitch and NIBSS signals a major leap forward for digital payments in Nigeria. With their combined strength, the payment ecosystem is set to become more robust, efficient, and secure. As both companies continue to innovate and raise the bar, merchants and consumers alike can look forward to a smoother, more reliable payment experience that drives the future of digital transactions in the country.
