Nigeria Launches National Payment Stack for Faster Digital Transactions

Nigeria has introduced its National Payment Stack, replacing the NIBSS Instant Payment Platform with a more advanced system. The first live transaction under this new infrastructure took place at 11:56 AM on November 7, 2025, between Palmpay and Wema Bank (NGX: WEMABANK), completing in milliseconds.

The system is designed to be scalable, reliable, and future-proof, aligning with global payment standards. Premier Oiwoh, the Managing Director and CEO of NIBSS, described this launch as a significant step towards simplifying payments and promoting financial inclusion in Nigeria.