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.
3.4 million transactions were made by bank depositors on Nigeria Interbank Settlement System Instant Pay platform yesterday, Black Friday,
The Central Bank of Nigeria (CBN) will soon impose new rules on the operations of the Bank Verification Number (BVN) to tackle fraud.
CBN, Bankers Committee agree to recover bad loans from accounts of defaulters in any bank in Nigeria. How it will work...
Data obtained from the Nigeria Interbank Settlement System (NIBSS) has shown that the value of instant bank transfers transactions carried out in the first five months...