NIBSS Plc Set to Launch NQR Cost Resolution

March 11, 2021 / 5:55 A
M / NIBSS / Header Picture Credit score: NIBSS

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Nigeria Inter-Financial institution Settlement System Plc (NIBSS), in partnership with all
monetary service suppliers within the nation, is ready to launch a QR Code pushed
cost resolution.


NQR Cost Resolution is an indigenous
Fast Response code platform being launched by NIBSS on behalf of all
monetary service suppliers. This revolutionary resolution will catalyze to spice up
monetary inclusion whereas offering entry to quicker, simpler and safe
monetary providers to Nigerians. It gives a “touch-free” possibility of receiving
and making funds for items and providers by merely scanning to pay.


The NQR Resolution will likely be launched on the
fifteenth of March in a grand digital occasion, and consequently rolled out nationwide.
This innovation will unlock a wealth of additional advantages that can rework the
means Nigerians select to pay as it’s dependable, safe, and provide immediate worth
to enterprise homeowners.


 In line with the CEO of NIBSS, Mr.
Premier Oiwoh, “the NQR Cost resolution is about re-creating the Nigerian
cost expertise for companies who’re in search of new digital improvements to
enhance effectivity whereas offering a quick, straightforward and safe cost possibility,
thus, we have created the NQR Cost resolution, a brand new ‘touch-free’ cost technique
to assist create and provide higher buyer expertise.”


NIBSS was integrated in 1993 and is
owned by all licensed banks together with the Central Financial institution of Nigeria (CBN). It
commenced operations in June 1994.


NIBSS has put in place a contemporary
infrastructure for dealing with inter-bank funds to take away potential bottlenecks
related to inter-bank funds switch and settlement.


Its operation is supported by one of the best
Data, Communication, and Expertise
(ICT) infrastructure for automated online
operations in addition to efficient info and information transmission safety
practices to ship
best-in-class cost/settlement providers. Operational and credit risks in funds
s throughout monetary establishments are mitigated by the NIBSS switch and settlement platform.

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