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Tag: NIBSS Instant Payment (NIP)

E-payment Transactions Rose By N80bn To N21trn In June

E-payment Transactions Rose By N80bn To N21trn In June       Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion recorded in April 2021. CEO of Financial Derivatives Company, Bismarck Rewane, said this in a report titled:...

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...