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Heritage Bank Nigeria has been added into the Nigeria Interbank Settlement System (NIBSS). This will allow new and existing customers of the bank to make payments and transfer funds through point of Sale (PoS) terminals, ATMs, and other e-payment platforms. A statement from NIBSS to banks said, “Please be informed that Heritage bank has been migrated to the Nigeria Instant Payment (NIP) production environment. Kindly accept all upstream transactions from them.” The MD/CEO of Heritage Bank, Ifie Sekibo, also said in a statement that “Most banks take quite a long time to integrate into the NIPS platform, but within a very short period of our existence, we have integrated into their system. Our entire payment platforms have been fully integrated. And we are functional, up and running.  So for us it is a real ground breaking and record setting achievement, and it reflects confidence from an e-payment switch like NIBSS.” hbng “Also it expands our business environment. We are now connected to other e-payment switches, banks, banking platforms. People can now use our internet banking platform to make instant payment for goods and services, make funds transfer to people in other banks, and vice versa. It is a seamless and full integration into  the banking and e-payment platforms in the country.” “With this development, we have become part of the nucleus to make that work. This means in a short period we are part of the nucleus of financial inclusion, which is been advocated by the Central Bank of Nigeria.”

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This article was first published on 2nd July 2013

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