What is NIP Service?

Modified on Wed, 14 Aug, 2024 at 12:47 PM

NIBSS Instant Payments (NIP) is an account number based, online real – time electronic fund transfer (EFT) platform where delivery of transaction messages from the Sending Institution to the Receiving Institution takes place instantly. It enables financial institutions to provide instant funds transfer services and bill payments to their customers based on bank account numbers through all available electronic channels.

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