The Nigeria Inter-Financial institution Agreement Machine (NIBSS) has followed cost processing era from Transactility Inc. to expand its Nationwide Fee Stack (NPS), a next-generation fast bills platform designed to strengthen Nigeria’s evolving bills ecosystem.
NIBSS disclosed this in a remark on Tuesday, announcing the platform makes use of a modular structure that mixes internally evolved functions with decided on open-source and undertaking applied sciences.
The platform makes use of Transactility’s jPTS transfer, constructed at the open-source jPOS framework, to strengthen its cost processing functions.
NIBSS mentioned the modular method provides it get admission to to the platform’s supply code, permitting it to customize the machine, retain keep watch over of its structure and building roadmap, and reply to converting marketplace and regulatory necessities.
Platform to strengthen fast transfers, QR bills
In line with the remark, the Nationwide Fee Stack helps account-to-account fast transfers, QR service provider bills, phone-number-based cost addressing and bulk bills.
NIBSS mentioned the platform used to be designed to ship the efficiency and availability required for nationwide cost infrastructure whilst supporting long term cost services and products.
The organisation has used jPOS era in its cost infrastructure for a number of years, specifically for processing transactions according to the ISO 8583 messaging usual.
The Nationwide Fee Stack additionally accommodates jPOS’s newly offered strengthen for the ISO 20022 messaging usual to fulfill the converting necessities of Nigeria’s bills marketplace.
Commenting at the adoption, Managing Director and Leader Government Officer of NIBSS, Premier Oiwoh, mentioned the platform used to be designed to fulfill the dimensions and calls for of Nigeria’s bills marketplace.
- “The jPOS ecosystem provides us the versatility to proceed growing the platform because the ecosystem evolves,” Oiwoh mentioned.
Founder and Leader Era Officer of Transactility, Alejandro Revilla, described the advance as the most important milestone for the corporate and the broader bills group.
He mentioned the NPS demonstrated how open era and native engineering may just strengthen the advance of nationwide cost infrastructure at scale.
Extra on NIBSS and jPOS
NIBSS Plc used to be included in 1993 and is owned by means of the Central Financial institution of Nigeria and all authorized deposit cash banks within the nation.
- The organisation supplies cost infrastructure for interbank transfers, clearing and agreement, in addition to id verification throughout the Financial institution Verification Quantity (BVN) machine. It additionally helps point-of-sale bills and tasks geared toward advancing monetary inclusion and cost innovation in Nigeria.
- Transactility, headquartered in Boca Raton, Florida, is the economic steward of jPOS, an open-source framework for cost transaction processing. Its merchandise come with jPTS, jCard and ISO/Bridge, serving shoppers in additional than 120 international locations.
The jPOS framework has been used for greater than 25 years to expand cost gateways, switches and transaction-processing methods supporting ISO 8583 and ISO 20022 messaging requirements.
Background to the Nationwide Fee Stack
The adoption of jPOS era builds on NIBSS’s ongoing building of the Nationwide Fee Stack, which used to be offered to toughen Nigeria’s fast cost infrastructure.
NIBSS unveiled the National Payment Stack in June 2025 as a next-generation fast cost platform designed to construct at the present NIBSS Quick Fee (NIP) infrastructure. The platform helps real-time transactions, fast agreement, ISO 20022 messaging and bulk bills, amongst different functions.
In June 2026, Nairametrics reported that the NPS had processed 153,000 transactions during its pilot phase forward of its wider rollout. The file detailed the platform’s development all the way through its pilot section.