U N I T E D N AT I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E N TU N I T E D N AT I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E N T

Expert Meeting on THE IMPACT OF ACCESS TO FINANCIAL SERVICES, INCLUDING BY HIGHLIGHTING THE IMPACT ON REMITTANCES ON DEVELOPMENT: ECONOMIC EMPOWERMENT OF WOMEN AND YOUTH12-14 November 2014

SESSION 3: INNOVATIVE BUSINESS MODELS AND FINANCIAL SERVICES

Mr. Ade ShonubiManaging DirectorNigerian Interbank Settlement Scheme 50 1 9 6 4P R O S P E R I T Y F O R A L L

5050 1 9 6 450 1 9 6 4

50 1 9 6 450

PROSPERIDAD PARA TODOS

1 9 6 4

P R O S P É R I T É P O U R T O U S

للجميع الرخاء

П Р О Ц В Е Т А Н И Е Д Л Я В С Е Х

November, 2014

Our Journey to

Tomorrow

2

Biometric Identification

With the launch of the banks biometric

solution, all banks are mandated to

capture the biometric information of their

customers.

The Biometric information will help;

Transaction authentication.

Reduce fraud

Improve retail credit

Customer identification

3

e-Reference Platform

The NIBSS offer shared infrastructure platforms

like e-Reference which adds value to both banks

and customers.

The e-Reference platform is a work flow

platform that allow banks share

references electronically with each other

TAT for account opening is improved.

Cost for account opening is reduced

4

Person 2 Person Payment – Square mii

As retail payment system continue

to evolve, we are creating a

platform that will enable people

exchange payments with people

using a registered ID (Aliases) e.g.

email or phone number.

5

NIBSS instant Pay

The NIBSS instant pay is an interbank

transfer service that offer customers two key

things:

Instant confirmation of beneficiaries

via name enquiry

Instant value to recipients

6

Central Pay using both card, account and mobile money

NIBSS central pay is designed for

two factor authentication whether

using cards, account option or

mobile wallet.

Customers get the option to pay by

selecting their bank and pay using

their internet banking credentials.

The credentials page belong to the

bank and leverages their security.

For online shopping, transaction is

concluded based on

service/product delivery and there

is a guarantee of refund for non-

delivery.

CBN

7

NIBSS as a shared services company

NIBSS Aggregators

MNOs

Processors/

Switches

Banks

NIBSS is positioned in the centre of financial

services in Nigeria and this empowers us to

deploy shared services that can be used by

various entities.

8

Nigeria Inter-Bank Settlement System Plc

… Improving the Nigeria Payments System

1230b Ahmadu Bello Way Victoria Island,

Lagos, Nigeria

Tel: +234 1 2716071-4

www.nibss-plc.com

THANK YOU