Tag Archives: e-Payment

Nigeria Interbank Settlement System (NIBSS) has reported that the value of transactions performed with electronic payment (e-payment) channels rose year-on-year (YoY) by 58 per cent to N25.9 trillion in October this year from N16.3 trillion in 2020. Analysis of electronic payment data on NIBSS platform showed that YoY, the value …

The last decade witnessed tremendous changes in the nation’s banking landscape. The number of bank customers have grown, agency banking has gained a foothold and cheques have given way to transfers, particularly through SMS banking and mobile apps. Debit cards, however, remained a constant feature during this period. Debit cards …

Cashless economy has recorded further boost as the value of electronic payment transactions rose year-on-year (YoY) by N9.7 trillion or 80 percent to N21.9 trillion in 2020 from N12.2 trillion in 2019.   Similarly, the volume of epayment transactions rose YoY by 178.2 million or 98 percent to 359.58 million …

In an effort to seek for enabling environment for e-Payment industry growth in Nigeria, Interswitch Chief Executive Officer, Mitchell Elegbe has called on the government for policies to drive and sustain the industry. He posited that more Nigerians have embraced electronic payments as a means of avoiding physical contact around …