Bank Transfer (NIP)
Country: Nigeria (NG) | Payment Rail: real_time_payment
RealTimePayment
Market Adoption: 50%
NIP is Nigeria's national instant payment system, providing secure real-time bank-to-bank transfers for retail checkout and business invoicing.
π User Payment Flow
- Merchant checkout generates a temporary dynamic bank account transfer instruction
- Customer copies the temporary bank account number and bank name (e.g. Providus Bank)
- Customer exits checkout, logs into their local Nigerian banking app or dials USSD bank transfer code
- Customer transfers the exact checkout amount to the allocated virtual account number
βοΈ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | NO |
| Supports Recurring | NO |
| Supports Refund | NO |
π οΈ Merchant Integration Steps
- Merchant requests dynamic payment account generation from PSP
- PSP allocates a virtual account under NIP clearing network
- PSP receives immediate NIBSS clearance credit and webhooks captured notification to merchant
π Supported Payment Gateways & Acquirers (PSPs)
π PayerMaxπ PayUπ θΏθΏζ°επ Payoneerπ dLocalπ PingPongπ Airwallexπ Adyenπ Paystack