Nigeria’s E-Payment Transactions Hit N234trn.
Nigeria’s e-payment transactions surged to N234 trillion in the first quarter of 2024.
Nigeria Inter-Bank Settlement System, disclosed this in its latest data.
This marked an 89.3 per cent increase from the N123.8 trillion recorded in the same period in 2023.
The development showed a notable increase in growth, showcasing the expanding digital presence in the country’s financial landscape.
Meanwhile, there was a 7.92 per cent decrease in Point of Sale, transactions during the specified period, with the total amount falling from N2.84 trillion in Q1 2023 to N2.61 trillion in the first quarter of this year.
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