# Nigeria digital payment infrastructure evolution > Live situation record from CLSTR: https://clstr.news/situations/nigeria-digital-payment-infrastructure-evolution > Updated: 2026-08-11T21:46:19.000Z. Sources: 9. Developments: 2. Nigeria is undergoing a digital transformation in its financial sector, driven by technological advancements and regulatory reforms. Initial developments highlight a shift toward AI-driven digital expansion, where artificial intelligence, blockchain, and embedded finance are increasing financial inclusion and making transactions more seamless for millions in West Africa. This evolution has progressed to the implementation of the National Payment Stack (NPS) by the Nigeria Inter-Bank Settlement System (NIBSS). This new, ISO 20022-compliant digital infrastructure is designed to modernize the financial ecosystem by replacing legacy systems. In its early operational phase, the NPS has processed 26.55 million transactions valued at ₦1.4 trillion across 48 participating institutions, unifying payments, identity, and data onto a single rail to support high-volume corporate disbursements and multi-currency transactions. ## Timeline ### 2026-08-11: Nigeria's National Payment Stack processes ₦1.4 trillion in transactions Nigeria’s new National Payment Stack has processed 26.55 million transactions worth ₦1.4 trillion, led by First Bank in volume and Fidelity Bank in value, as part of a major financial infrastructure upgrade. 9 sources. https://clstr.news/cluster/nigerias-national-payment-stack-processes-14-trillion-in-transactions ### 2026-07-27: Nigeria's payment landscape set for AI-driven digital expansion Nigeria leads West Africa's shift to AI‑driven digital payments, expanding financial inclusion and trust through mobile and blockchain innovations. 3 sources. https://clstr.news/cluster/nigerias-payment-landscape-set-for-ai-driven-digital-expansion --- Cite as: Nigeria digital payment infrastructure evolution. CLSTR, https://clstr.news/situations/nigeria-digital-payment-infrastructure-evolution