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E-payment Transactions Rise By 49%
The electronic payment data on Nigeria Interbank Settlement System (NIBSS) platform has shown that the value of transactions performed through electronic payment (e-payment) channels rose year-on-year, (YoY) by 48 percent to N28.1 trillion in November 2021 from N18.84 trillion in the corresponding period of 2020. Similarly, the volume of e-payment transactions grew YoY by 41.5…
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E-payment Transactions Rise By Over 300% In 2020
The value of electronic payment transitions rose to N704.04 trillion at the end of 2020. This is a year-on-year increase of 325 percent from N165.8 trillion in 2019. Also, the volume of e-payment transactions rose YoY by 142 percent to 7.16 billion in 2020 from 2.96 billion in 2019. Analysis of data from the National…