The move towards a cashless Nigeria provides the opportunity to build the critical electronic payment systems and culture that would enable software developers and tech entrepreneurs monetise their products. At the core of the CBN-led initiative to drive towards a cashless society lies the Nigerian Inter-Bank Settlement Systems (NIBSS) Plc.
NIBSS Plc is a company jointly owned by all licensed banks including the Central Bank of Nigeria (CBN) and discount houses. NIBSS has put in place modern world-class infrastructures for handling inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement.
The company also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits.
At the July Developers Parapo, Mr Ade Shonubi, MD/CEO of NIBSS PLC will share with the tech community more insight into what NIBSS does and their plans towards expanding the opportunity for creators of digital content to seamlessly integrate payment options into their solutions.
This should provide the opportunity to get answers to any lingering questions you may have on why electronic payment hasn’t quite reach the desired state in this market.
As is our custom, there will be plenty to eat and drink while networking with inspirational players in the Nigerian tech scene.
Date: Friday, 28th July 2012
Time: 5.30pm – 8.30pm
Venue: Co-Creation Hub, 6th Floor, 294 Herbert Macaulay Way, Sabo, Yaba