Online Transactions Increase By 99% To N22.77trn       The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from the Nigeria Inter-Bank Settlement System have shown. This shows a growth of 99 per cent from the mobile transaction...

E-payment Transactions Rise By 80% To N2trn         Cashless economy has recorded further boost as the value of electronic payment transactions rose year-on-year (YoY) by N9.7 trillion or 80 percent to N21.9 trillion in 2020 from N12.2 trillion in 2019. Similarly, the volume of epayment transactions rose...

CBN Releases Framework To Boost e-payment Adoption         The Central Bank of Nigeria (CBN) has released the Framework for Regulatory Sandbox Operations that would promote seamless adoption of electronic payment across the country. The new framework will also ensure the safety and stability of the financial system,...

E-payment Transactions Hit N111.29trn In Nine Months         The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year. The two platforms recorded a 44...

Banks Caution Customers Against E-payment Fraud     Bank scams are increasing as more customers are adopting electronic means of payment since lockdown was introduced in the country to contain COVID-19 spread. The lending institutions have also been alerting their customers to ensure more caution in transactions and...

Sealed e-payment Deals Hit N203trn - CBN   Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown. The data, released at the weekend, showed that the transactions occurred through...