New payment rails, richer transaction data and growing integration demands are expected to push banks and fintech companies towards a new generation of modular banking platforms.
By 2027, the technology debate in Nigerian banking is likely to move beyond mobile applications. Banks and fintech companies have spent much of the past decade improving the customer interface. Account opening has moved online, transfers have become faster and financial services are increasingly delivered through mobile channels. The next investment cycle will focus on the infrastructure behind those experiences.
That shift is already visible in Nigeria’s payments strategy. The Central Bank of Nigeria launched Payments System Vision 2028 in June 2026, setting out priorities around interoperability, security, inclusion, innovation and closer cooperation across the financial sector.
At the same time, the National Payment Stack developed by the Nigeria Inter-Bank Settlement System is introducing ISO 20022 messaging, richer payment data, improved transaction traceability and
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