Mobile Banking Rises By 230% In January   Nigeria’s mobile banking usage surged by 230.72 per cent year-on-year in January 2023 according to data from Nigeria Interbank Settlement System, despite multiple reported failures. The leap in the use of banking apps and mobile gateways is traceable to...

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-bills Transactions Declined By 9% In February       The volume of transactions carried out on the electronic bill payment platform fell month-on-month, by 8.86 per cent to 92,571 in February 2021, from 101,578 in January 2021. According to data obtained from Nigeria Interbank Settlement System, there was...

E-payment Transactions Rise By 50.3%, Now N162.95trn       The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N162.95tn from January to December in 2020. The two platforms recorded a 50.3 per cent...

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...

Electronic Payment Hit N50.3trn In Five Months     The value of transactions via the Nigeria Interbank Settlement System Instant payment system and on Point of Sales terminals across the country rose to N50.3tn from January to May this year. The two platforms recorded a 16 per cent...