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 .
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. Known as mCash, the solution will facilitate low-value retail payments, extending e-payment usage and benefits to payers and merchants in sectors where cash has been king.