Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by 2.3 million in the last three months, New Telegraph has learnt. According to data released by the Nigeria Inter-Bank Settlem..
Transactions through electronic payment (e-payment) channels increased by 17.93 per cent to N34.67 trillion in March 2022, from N29.4 trillion recorded in the previous month, a report by Financial Derivatives Company Limited ..
About N54.98tn was processed through Nigeria’s electronic channels in the first two months of 2022, according to data from the Nigeria Inter-Bank Settlement System portal.
This is a 45.49 per cent increase from the corresp..
Nigeria recorded a total of N6.43 trillion as POS transactions in 2021, hitting the highest levels on record. Nigeria’s acceptance for digital means of payment has improved in recent time, however, the Christmas festivity con..
Point of sale (PoS) transactions increased usage as the value of transactions on the platform for 2021 rose to N6.43 trillion, a 36 per cent improvement compared to N4.72 trillion recorded in 2020.
Nigerians adoption of th..
There is no doubt that over the years, Nigeria has made noticeable progress in its desire to create a robust payment system through several reforms targeted at restoring confidence in the system. Indeed, a sound payment syste..