In Nine Months, Banks Generate N135.15bn From e-payments The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30. Analyses of the unaudited 2019 third quarter reports of 10...

Transactions On E-Payment Platforms Hit N38.4trn   REPORTS of the Nigerian Interbank Settlement System, NIBBS, have indicated that Nigeria’s electronic payment (e-payment) services recorded N38.5 trillion transactions in the first half of 2018, H1’18, about 38.4 percent higher than the N27.8 trillion in the corresponding period...

E-payment Transactions Increased To N32tr In Q1   Value of electronic payments in Nigeria rose by 10 percent to N32.5 trillion in the first quarter of 2018 (Q1’18) from N29.4 trillion in fourth quarter 2017(Q4’17). Meanwhile Nigerians withdraw N1.6 trillion through Automated Teller Machine (ATM) in...

E-payment Struggles To Grow As Transactions Hit N69trn In 2017 NIGERIA’s electronic payment industry struggled to grow in 2017, constrained by the impact of economic recession and inflation on the purchasing power of Nigerians and decline in awareness campaign to discourage cash based transactions. Financial Vanguard...