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The Nigerian Stock exchange launches X-Pay, its own e-payment platform

X-Pay is a value-added service that accepts VISA, MasterCard Verve and UnionPay credit and debit cards.

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The e-payment platform was launched on Friday, August 3, 2018.

Bola Adeeko, Head, Shared Services Division, NSE, said, “We are thrilled to launch X-Pay, a solution that builds on our customer-centric focus and our efforts to transform the Nigerian capital market into a more efficient model. X-Pay reinstates our commitment to move towards cashless transactions and build a sustainable cashless ecosystem while satisfying users’ preferences for self-serve bill payment options that are convenient and secure”.

Adeeko said NSE is leveraging the power of innovation and digital technology to improve its efficiency and reduce the cost of transactions.

“With X-Pay, our stakeholders will now enjoy easy access to a wider catalogue of our products and services, be able to select and purchase from anywhere, at any time. Not only will X-Pay be convenient, it will also provide a huge opportunity for NSE to maximize its capacity and realise increased efficiency through automated processes and better data integration,” he added.

X-Pay features

The platform aims to deliver a faster and safer payment method which is protected by best in class IT and card security features, in line with global best practices.

In 2017, NSE also launched a data centre as part of its tradition of pioneering far-reaching innovations within the Nigerian capital market.

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