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E-payment Transactions Rise By 52%
Findings from the e-payment data released by the Nigeria Interbank Settlement System showed that the volume of electronic payment transactions in Nigeria rose YoY by 14.8 per cent. This is to 1.06 billion in November 2022 from 922.65 million in the corresponding period of 2021. Also, the value of e-payment transactions rose year-on-year (YoY) by…
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E-payment Rise By 26% In Nine Months
Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) revealed that the value of electronic payment transactions rose year-on-year by 26 percent to N271.6 trillion in the first nine months of the year (January to September 2022). This is an increase from N215.76 trillion in the first nine months of 2021. On a monthly basis,…
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E-payments Rise By 45% In Two Months
According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98 trillion was processed through Nigeria’s electronic channels in the first two months of 2022. This is a 45.49 percent increase from the corresponding period of 2021 when N37.79 trillion was processed through the nation’s electronic channels. The NIBSS tracks payment volumes and value…
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E-payment Transactions Hit N162.95 Trillion In 2020
The value of transactions via digital payment platforms rose to N162.95 trillion from January to December in 2020 when compared to an aggregate of N108.42 trillion in the corresponding period in 2019. The two platforms; Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals, recorded a 50.3 per cent growth in value…