| NIBSS (Nigeria Inter Bank Settlement Scheme) provides the infrastructure for automated processing, settlement of payments and fund transfer instructions between Banks, Discount Houses and Card Companies in Nigeria. |
| Esofties Solutions Limited partners with NIBSS to carry out the following objectives : |
| 1. To carry on business as a service-oriented institution that provides a mechanism for same day clearing and settlement of inter-bank transfers and payments |
| 2. To provide the infrastructure for the automated processing and settlement of transactions between banks |
| 3. To provide the framework for elevating the level of efficiency in funds transfer generally whilst at the same time reducing the risks associated with uncertainties in receiving value for payment and difficulties in maintaining efficient treasury operations and effecting timely reconciliation thereof |
| 4. To initiate and develop an integrated nationwide network for the electronic or paperless funds transfer and settlement of transactions, among others. |
