From cash to code

In an episode of Breaking Banks Africa released on 3 July 2026, Premier Oiwoh joined host Matteo Rizzi to discuss the systems behind Nigeria’s digital payments. The conversation explored how shared infrastructure allows banks and fintechs to develop services that work together.

Oiwoh discussed the National Payment Stack and the importance of building for reliability and future demand. He described NIBSS’s role in supporting the institutions that connect people and businesses to the payment system.

Affordability was a central theme. Oiwoh argued that instant payments should eventually carry no transaction fee, presenting this as a way to encourage wider use. He also highlighted digital identity, financial education and public trust as conditions for inclusion.

The discussion extended to cooperation across Africa, including the work needed to improve cross-border payments and turn shared ambitions into practical progress.