Earlier this week, the Nigeria Interbank Settlement System Plc (NIBSS) issued a directive on Payment Solution Service Providers (PSSP), removing them from its transfer channels.
However, some media platforms (Techeconomy excluded) are circulating wrong information with regards some affected and unaffected platforms, respectively.
However, Payment Solution Service Providers (PSSP) like Xpress Payment, Interswitch, Flutterwave, TeamApt, and others listed below are different from Mobile Money Operator licensees like Paga, Moniepoint, etc.
The MMOs hold deposits, unlike PSSPs. As such, this directive does not affect them, because they are NIBSS-compliant and remains listed on their transfer channels.
List of Switches, Super Agents and PSSPs affected by NIBSS directive:
