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In One Year, E-payment Transactions Rise By 85.52%

In One Year, E-payment Transactions Rise By 85.52%           Nigeria’s electronic payment transactions increased by 85.52 per cent year-on-year to N171.99tn in August 2021, data obtained from the Nigeria Inter-Bank Settlement System have shown. From January to August 2020, e-payment was N92.71tn. It increased to N171.99tn in...

PoS Transactions Hit N1.432tn In 6months

PoS Transactions Hit N1.432tn In 6months   The value of transactions through point of sales (PoS) channels across the country between August 2018 and January 2019 stood at N1.432tn, figures compiled from the Nigeria Interbank Settlement System Plc (NIBSS) have revealed. The data showed that as at...

NIBSS Recorded N1.41tn As Total Of POS Transactions In 2017

NIBSS Recorded N1.41tn As Total Of POS Transactions In 2017   The Nigeria Inter-Bank Settlement System has disclosed that Points of Sale transactions increased by 54.3 per cent to N1.41tn in 2017 as more retail merchants embraced PoS as a means of transactions. It stated in a...