Cashless Transactions: Nigerians Use PoS 777 Million Times, E-Payment Channels 2.21 Billion in Q1 2025

Nigeria’s drive towards a cashless economy gained significant momentum in the first quarter of 2025, as…

Nigeria Records 86.44 % Surge as e-Payment Transactions Rises to N566.39 Trillion in Six Months

Nigeria’s e-payment landscape witnessed significant growth in the first half of 2024, with a whopping N566.38…

UBA, MFS Africa Partner on Innovative Payment Solutions

The United Bank for Africa Plc and MFS Africa, Africa’s digital payments hub, have entered into…

NIBSS Issues Approved Standard Operating Guidelines for BVN Matching System

The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for Bank Verification Number…

POS transactions hit N6.9trn in 3 years

The Point of Sale (PoS) transactions between 2017 and 2019 have increased to N6.9 trillion. The…