The value of transactions through electronic payment (e-payment) channels in the country fell by 12.21 per cent or $7.14 billion to $65.64 billion in March 2025 from $58 billion in the preceding month, a report by Financial Derivatives Company Limited (FDC) has shown.
According to the firm, which cites e-payment transactions data obtained from the Nigeria Interbank Settlement System (NIBSS), the rise in e-payment transaction value last month was “driven by increased spending on food and groceries during Ramadan, coupled with rise in charitable donations (Zakat, Sadaqah)…
Read more at Newtelegraphng
According to the firm, which cites e-payment transactions data obtained from the Nigeria Interbank Settlement System (NIBSS), the rise in e-payment transaction value last month was “driven by increased spending on food and groceries during Ramadan, coupled with rise in charitable donations (Zakat, Sadaqah)…
Read more at Newtelegraphng