- Nigeria has made improvements in its plan to fully go cashless in the soonest possible time
- The improvement can be seen in recent policies and in the current statistics provided by the NIBSS for January-November.
- Experts say Nigerians are becoming more aware of the ease and convenience of adopting electronic payment channels
Cashless transactions in Nigeria rose to N318.66 trillion between January and November of 2022, as the Central Bank of Nigeria continues to intensify its cashless policy.
This is according to the Nigeria Inter-Bank Settlement System from data it gathers by monitoring amounts processed Point of Sales terminals (PoS) and the Nigeria Instant Payment System.
