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Volume Of PoS Transactions Falls By 2%
Findings in the electronic payment data from the Nigerian Interbank Settlement System have shown that the volume of Point of Sales (PoS) transactions fell Month-on-Month (MoM) by two per cent to 85.2 million in December 2022 from 86.7 million in November. Also, the value of PoS transactions rose MoM by 8.8 per cent to N826.3…
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Electronic Payments Surge To N126.39tn
In six months, Nigeria’s electronic payment transactions rose to N126.39 trillion via the two digital payment platforms. These platforms are the Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals. The two digital payment platforms driving electronic payments are the NIBSS Instant Payment System and Point of Sales terminals. According to the…