The National Payment Stack (NPS), a sovereign, ISO 20022 compliant digital infrastructure, has recorded 26.55 million transactions valued at N1.4 trillion across 48 participating institutions. According to NIBSS, First Bank of Nigeria leads the industry in total transaction volume, while Fidelity Bank holds the lead in overall transaction value. Other key early adopters driving network scale also include Guaranty Trust Bank, Sterling Bank, Access Bank and Moniepoint. Managing Director and Chief Executive Officer of NIBSS, Premier Oiwoh, said “The National Payment Stack represents is an economic catalyst moving our financial infrastructure from basic transaction processing to comprehensive payment intelligence.” Her statement reaffirms the apex bank’s mandatory and full regulatory support for the ISO 20022 standard in Nigeria’s payment system.