Where does NIBSS operate?

Its products are priced in 1 market here. A market missing from the list has not been recorded yet, which does not mean NIBSS is absent there.

How current are NIBSS's fees on this page?

Each rate shows the date it took effect and whether it is published by NIBSS, reported or estimated. The newest change shown took effect on 21 Aug 2022. Check with NIBSS before relying on a figure.

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NIBSS fees · UnifyPay

Provider

NIBSS fees

Q: Is NIBSS for paying businesses or for sending money?

Its products here are payment methods businesses accept at checkout.

Nigeria Inter-Bank Settlement System, operator of the NIP instant rail.

Real-time payment
1 market
Personal & business

Products: 1; Priced separately
Markets: 1; Where a product is priced
Cheapest headline rate: 0%; Across its products

Products NIBSS runs

NIBSS Instant Payment

Real-time payment

Nigeria's instant interbank transfer rail. Regulator-capped flat fees make it dramatically cheaper than cards, and it carries the bulk of Nigerian retail payment value.

Priced in 1 market · Headline rate 0% · Instant · Personal & business

View details

NIBSS Instant Payment fees, first markets
Market	Listed fee	Channel	Status	In force since	Details
Nigeria	NGN 50.00, capped at NGN 50.00	Online	Reported rate	21 Aug 2022	View

Common questions

How much does NIBSS charge?

It depends on the product and the market. NIBSS Instant Payment, headline rate 0% in 1 market. The headline rate is the percentage part only; fixed fees, minimums and caps are listed per market.

Is NIBSS for paying businesses or for sending money?

Fee data on UnifyPay is indicative reference information, not a quotation. Rates change without notice, vary by contract, volume, risk profile and card mix, and many local rails publish no rate card at all. Always confirm against your provider's own pricing before making a commercial decision.