NIBSS bets on QR codes as a cash alternative for small-value payments
NIBSS has improved the speed of QR code payments by eliminating separate fee queries and enhancing security. NIBSS partnered with the Lagos State government to test QR code bill payments, achieving 750,000 transactions in the first week.
New bill will see Lagos join the ranks of states domesticating the Nigeria Startup Act
The Lagos State Government is drafting the 'Lagos Innovation Bill' to adapt the provisions of the Nigeria Startup Act to mirror the realities of running tech startups in the state. Lagos State receives 70% to 80% of all innovation funding in Nigeria.
