The most impressive growth was recorded in Mobile Interscheme transfers category where transaction value and volume grew 311.1% y/y.
FITC in partnership with NIBSS will host the biggest virtual cybersecurity conference in Nigeria.
During the Eid-El-Kabir holidays, poor network service disrupted quite a number business transactions across Nigeria, as many bank customers could not successfully make payments via Point...
Total value of transactions from PoS machines increased by N500 billion in five months.
We expect the e-payments industry to continue to record significant growth even beyond the pandemic.
FIRS explained that the new policy was necessary so as to give the instruments the legal backing required.
SEC has introduced some new identification measures which are to take effect from April 1, 2020 to ensure accountability and stability in the capital market.
Despite the increase in adoption of PoS by merchants, the value of electronic transaction done via PoS dropped by N59.26 billion between December 2019 and January...
The number of current accounts held by bank customers dropped by 4.5 million to 25.3 million while PoS transactions hit N373 billion.
The value of transactions carried out using Point of Sale (PoS) channel in Nigeria hit N3.20 trillion in 2019.