How it works

The basic architecture of the product is ‘debiting one account to credit one or multiple accounts’. The account to be debited is referred to as the ‘Funding Account’ which is profiled on the NAPS platform by the Customer’s Bank; alternatively, the NEFT & NIP platform can also be used to process bulk payments.


    Unique Value Proposition

    NIBSSPAY can process more than 50,000 payments in single file schedule and multiple payment schedules can be uploaded simultaneously; other features include:

    • Single View: This functionality gives a view of all the customer’s account balances across all the Banks.
    • eTaxPay: This enables various upload of tax schedules to FIRS.
    • Bulk Name Enquiry: This allows account name enquiries for file clean-up and accuracy before payment processing.

    Touch Points

    • Web Portal
    • API Integration

    Who Can Use This

    • 1 2

      PSSPs (Aggregators)

    • 2


    • 3

      Government and MDAs

    • Banks and OFIs


    Onboarding Requirements & Steps

    ProcessesGet Started

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