PalmPay and Wema Bank have completed Nigeria's first live transaction on the new National Payment Stack NPS, marking a major milestone in the country's digital payment modernization drive.
The Nigeria Inter-Bank Settlement System NIBSS announced that the transaction took place at exactly 11:56 a.m. on November 7, 2025, and was completed in milliseconds.
The NPS is a next-generation infrastructure built by NIBSS to unify and modernize the country's payment ecosystem, offering faster and more secure transaction processing. The system supports cross-border payments and complies with the ISO 20022 global standard for financial messaging.
