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...

Instant Payments, PoS Deals Hit N95.89trn In Eight Months     The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant payment system and Point of Sales terminals – across the country rose to N95.89tn from January to August this year. The...

PoS, Mobile Transactions Decline In August       The volume and value of transactions through Point of Sale (PoS) terminals and Mobile Interscheme transfers (Mobile phones) declined in August. Analysis of the current Electronic Payment Channels data from Nigeria Interbank Settlement System (NIBSS) showed that the volume of...

Customer, Bank Errors Push PoS Failed Payments To 16%     Nigerians continue to experience declined transactions on Point of Sale terminals all over the country as failed transactions hit 296,528 on Thursday evening. Live transaction updates obtained from the Nigeria Inter-Bank Settlement System showed that payment on...

175,911 PoS Transactions Fail As Lockdown Begins   Point of Sale transactions recorded 175,911 failure rate or 15.55 per cent of total transactions on Tuesday, as the movement restriction directive of the Federal Government commenced. According to the live PoS report of the Nigeria Inter-Bank Settlement Plc...

Nigerians Shun PoS Transactions Over Charges   The volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It dipped from 46.13 billion deals in December 2019 to 41.3 billion in January, according to the Nigerian Interbank Settlement...