More Nigerians go cashless, as mobile transactions volume doubles in 11 months

The Nigeria Interbank Settlement System (NIBSS) has revealed that more Nigerians are going cashless as the volume of financial transaction through mobile devices has more than doubled in the last 11 months (Janaury- November).

The NIBSS noted in data released on its website recently, that mobile volume of transaction rose by 144.9 percent to 609.9 million as of November from 249.0 million in the same period of last year.

Its value also increased by 156.5 percent from N6.9 trillion as at November 2021 to N17.1 trillion in the same period of this year.