Due to the cash crunch associated with the implementations of the Central Bank of Nigeria’s (CBN’s) Naira redesign policy in the first quarter of this year, mobile transactions have continued to gain traction as total transfers through mobile platform surged rose to N4.1 trillion in March this year. The mobile transactions in the month represented […]
Tag: NIBSS Instant Payments (NIP)
E-Payment Transactions Hit N42.76Trn In Q3, 2019
The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]