Report: E-Payment Channels Record N10trn Transactions In One Month

Transactions through electronic payment (e-payment) channels in the country rose by 10.10 per cent, or $5.92 billion, to $64.39 billion in October 2024, from the $58.49 billion recorded in the previous month.

E-payment transaction data obtained from the Nigeria Interbank Settlement System (NIBSS) attributed the increase in the value to the rapid adoption of Point of Sales (PoS) by merchants and the growing use of PoS for withdrawals.

Read more at Newtelegraphng

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