Electronic payment transactions rose by 79.6% to N1.07 quadrillion for the first time in 2024, according to data released by the Nigeria Inter-Bank Settlement System (NIBSS)....
Nigeria’s electronic payment landscape is undergoing a significant transformation, fueled by a surge in micro transactions, defined as transfers below N10,000. This boom underscores the increasing...
The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance. The African Development...
CIBN, NIBSS Introduce e-Payment Certification Programmes The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Interbank Settlement Systems Plc (NIBSS) have introduced professional...
E-payment Transactions Rise by 50.3%, Hit N162.95tn The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of...
Digital Payments to Hit $6.6T Value in 2021, a 40% Jump in Two Years Even before the pandemic, cashless payments have become an appealing alternative for...
While it was already under way prior to the pandemic, the global shift to digital payments has been positively affected by the crisis. According to the...