Nigeria, June 18 -- The Nigeria Inter-Bank Settlement System (NIBSS) has launched the National Payment Stack (NPS), a next-generation digital payment infrastructure built to comply with ISO 20022, the global messaging standard for secure and data-rich financial transactions.

The unveiling, which took place on Tuesday in Lagos, was hailed by stakeholders as a significant leap forward for financial interoperability and inclusion across Nigeria and Africa.

Speaking with journalists at the launch, NIBSS Managing Director and CEO, Premier Oiwoh, stated that the new system is designed to provide fast, secure, and inclusive payment experiences for individuals, businesses, and institutions, both domestically and internationally.

"This is not j...