NIBSS joins Zone’s blockchain payment network to include PoS standardisation functions on the blockchain

Zone, a blockchain payment infrastructure provider, has partnered with the Nigeria Inter-Bank Settlement System (NIBSS) to add Payment Terminal Service Aggregator (PTSA) functions to Zone’s blockchain.

This partnership is expected to improve interoperability across the PoS payment value chain.

It will also mean NIBSS, a central switch in Nigeria, will become a part of the Zone payment blockchain network. This comes after Zone announced the launch of a blockchain-powered PoS payment gateway.

This PoS payment gateway makes Zone a PoS payment switch. However, instead of routing card transactions from merchant banks to cardholder banks, institutions on the Zone blockchain network can route transactions directly between each other.

By Ifeoma Joy Okorie

Full story at Techpoint Africa.