About
NQR is Nigeria's national QR payment standard, launched on 23 March 2021 by the Nigeria Inter-Bank Settlement System (NIBSS), which is owned by the Central Bank of Nigeria and all licensed banks. It was designed to unify the country's separate closed-loop QR schemes. The merchant displays a single NQR code, and the customer scans it in their own bank's mobile app, confirms the merchant and amount, and authorises the payment. The money moves account-to-account over NIBSS Instant Payment (NIP) and the merchant is notified instantly; NQR is used in shops, ride-hailing, bus fares, tolls and vending machines.
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