The mCash utilises Unstructured Supplementary Service Data, USSD code in payment processing. The Nigeria Interbank Settlement 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. Launched on Tuesday, NABUSS, which is owned by Nigeria's central bank, will be available to customers of all banks, including those that are not part of the scheme.
The Nigeria Interbank Settlement 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. Launched on Tuesday, NABUSS, which is owned by Nigeria's central bank, will be available to customers of all banks, including those that are not part of the scheme.