Bank customers exchange over N200trn in six months using bank electronic channels.
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Bank customers exchange over N200trn in six months using bank electronic channels.
By Naomisophyblog
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According to the Nigeria Inter-Bank Settlement Systems (NIBSS), business transactions worth N204.5 trillion were conducted electronically in Nigeria between January and July of this year.
This is a 40% increase over the N145.8 trillion recorded in the same period last year.
This was noted by NIBSS in recent data obtained on Monday and published on its website.
Internet banking, bank branches, Kiosks, mobile apps, Unstructured Supplementary Service Data (USSD), POS, and ATM are the electronic channels used.
According to the data N26.6 trillion worth of transactions was executed in January, and N27.2 trillion in February.
In March, Nigerians performed N31.8 trillion transactions, and N29.2 trillion in April.
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In May, the value of e-payment transactions stood at N29.6 trillion.
In June and July there was N31.7 trillion and N29.3 trillion transactions respectively.
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