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Nigeria

Nigeria mobile money

Scheme name: Nigeria mobile money

IIPS Type: Mobile money

Instruments: Credit EFT, Debit EFT, E-money, Card

Channels: Browser, , USSD, Agent

Use cases: Transfers & remittances (P2P), Inventory & business services (B2B)

Inclusivity level: Not ranked

Year of establishment: 2013

System owner: NIBSS

Overseer: Central Bank of Nigeria

Operator: NIBSS

Total Participants: 21

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CategoryNigeria mobile money
Geographic reachDomestic
Geographic descriptionNigeria
Scheme governanceNIBSS
Settlement agentCentral Bank of Nigeria
Participants - commercial banksN/A
Participants - MMOs21
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 20184,408,990,623 USD
Values 201912,236,793,672 USD
Values 2020N/A
Values 2021N/A
Interoperability arrangementThird party
Ownership modelJointly owned
Governance TypologyPPP
Messaging standardISO 8583
Types of proxy IDsN/A
Use of open APIsN/A
QR code standard No
Pro-poor governanceNo
CB governance involvementYes

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