The Nigeria Interbank Security Scheme ( NIBSS ) has launched a new mobile payment solution in partnership with all money deposit banks in the country and the four major Nigerian telecoms operators . Upon dialling the code, the name of the seller will appear and a list of banks a customer wishes to make payments from. Known as mCash , the solution will facilitate low - value retail payments , increased e - payment , and access to payers and merchants in areas where cash has been king .
The Nigeria Interbank Security Scheme ( NIBSS ) has launched a new mobile payment solution in partnership with all money deposit banks in the country and the four major Nigerian telecoms operators . Known as mCash , the solution will facilitate low - value retail payments , increased e - payment , and access to payers and merchants in areas where cash has been king .