Transactions on E-payment Platforms in Nigeria Hit N600 trillion in 2023

Electronic payment transactions in Nigeria rose to N600 trillion in 2023, hitting an all-time high as more Nigerians embrace cashless payments. According to the data released by the Nigeria Inter-Bank Settlement System (NIBSS), the value recorded on the NIBSS Instant Payment (NIP) represents a 55% increase over the N387 trillion recorded in 2022. While the […]