Nigeria’s digital payments ecosystem has entered a transformative new phase following the successful completion of the first live transaction on the National Payment Stack (NPS).
The milestone transaction, executed between PalmPay and Wema Bank at exactly 11:56 a.m. on Friday, November 7, 2025,
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
