NIBSS Instant Payment

NIBSS Instant Payment (NIP) is a Nigerian electronic payment system that allows individuals and businesses to transfer money quickly and securely, anytime and anywhere. It operates 24/7, meaning transactions are processed instantly, often within seconds, without the need to visit a bank. Using mobile banking apps or internet banking, users can send or receive money instantly, making transactions more convenient and efficient. NIP enhances financial inclusion by providing a reliable, real-time payment method across different banks and financial institutions in Nigeria.