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E-payments Rise to N49trn Over Naira Crisis – Report

E-payments Rise to N49trn Over Naira Crisis - Report   The new industry statistics from the Nigeria Inter-Bank Settlement System ( NIBSS) showed that Nigerians used electronic gateways 1.35 billion times in March, 448.54 million times more than the 901.46 million times they did in February. The...

PoS Transactions Rise By 40%, e-payment Hits N39.58trn – NIBSS

PoS Transactions Rise By 40%, e-payment Hits N39.58trn – NIBSS Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions to N807.16bn in January 2023. This is a 40.69 per cent year-on-year increase from the N573.72bn...

E-payment Transactions Decline To N32.84trn

E-payment Transactions Decline To N32.84trn   Banks network malfunction, among other factors, contributed to N396.18billion or 1.19 per cent decline in Nigeria Inter-Bank Settlement Systems (NIBSS) Instant Payment Platform (NIP) to N32.84 trillion in September 2022 from N33.2 trillion reported by NIBSS in August 2022. The latest...

E-Payment Hit Monthly All-Time High Of N33trn In August

E-Payment Hit Monthly All-Time High Of N33trn In August   Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that transactions worth N33.2 trillion were performed electronically in August through the NIBSS Instant Payment platform (NIP). The latest figure brings the total value of e-payment...

E-payment Transactions In Q1 Rise By 82% To N66trn

E-payment Transactions In Q1 Rise By 82% To N66trn       Nigeria’s financial system has recorded further surge in the value of electronic payment (e-payment) transactions to N65.6 trillion in the first quarter of the year (Q1’21) indicating a whopping 82 percent Year-on-Year, YoY, increase from N36.02...

Banking Sector Recorded N356.47trn e-transactions In Q4, 2020 – NBS

Banking Sector Recorded N356.47trn e-transactions In Q4, 2020 – NBS     A total volume of 3.46 billion transactions valued at N356.47tn were recorded in the fourth quarter of 2020 as data on electronic payment channels in the Nigeria banking sector. The National Bureau of Statistics disclosed this...