After a massive drop during the COVID-19-induced lockdown, the volume and value of online transactions in Nigeria hit new heights in Q3 2020, pointing to improved economic activities following the relaxation of the lockdown. ..
Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by one million in the last two months, New Telegraph has learnt. According to the data released by the Nigeria Inter- Bank Sett..
The total value of transactions in the country through electronic payment (e-Payment) channels, which included Point of Sale (PoS), the Automated Clearing House (ACH) and the Nigeria Interbank Settlement System Instant Paymen..
The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year.
The two pla..
Fraud. A common word, and a global phenomenon that seeks to take advantage of vulnerabilities in various systems in order to criminally achieve a financial gain. Nigerians have long been perceived to have perpetrated some of ..
Approximately three months after the coronavirus pandemic became a national priority with wide ranging implications on various sectors of the economy, it is apparent that its effect on payment systems and financial institutio..