PoS Transactions Hit N8tn in July – NIBSS  The recent data obtained from the Nigeria Interbank Settlement System has indicated that that the value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022. The data showed that the aggregate...

Cheque Usage Drops As PoS Transactions Hit N13.67trn     Nigerians have continued to abandon cheque transactions as Point of Sale transactions rise to N13.67tn in three years, according to data obtained from the Nigeria Inter-Bank Settlement System Plc portal. The data showed that the aggregate PoS transactions...

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 Hit N60.34trn In Q1 — NIBSS       The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N60.34tn in in the first quarter of 2021. The two platforms recorded a 87.1...

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-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...