..Identify inadequate infrastructure as greatest challenge By Temitope Adebayo Following the need to further strengthen the digital infrastructure in Nigeria’s electronic payment (e-payment) systems, experts have stressed the importance of a multidimensional collaboration to enhance the system. Vice Chairman, Nigeria Communications Commission (NCC), Professor Umar Danbatta said this at the just-concluded 2023 annual conference of […]
As more retail Merchants embraced electronic payment (e-payment) system across the country, the Nigeria Inter-Bank Settlement System (NIBSS) has said that Points of Sales (PoS) transactions turnover recorded has increased to N1.41 trillion in 2017 against N0.76 trn recorded in 2016, N0.45 trn declared in 2015 and N0.31 trn in 2014. The NIBSS latest report, […]
As the Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) continued to promote electronic payment (e-payment) in the nation’s financial system, Unity Bank has lined up gifts splash as it is set to activate a reward bonanza in a campaign tagged Unity Verve for Value promo. The scheme is packaged to reward old […]
The Central Bank of Nigeria (CBN) will be addressing key issues confronting the e-payment industry at a Bi-Monthly Forum organised by the Finance Correspondents Association of Nigeria (FICAN). The event, with the theme: ‘Electronic Payment Industry, Performance & Regulatory Issues’ will hold on Saturday, August 5th, 2017 at the FICAN Centre, Onipanu, Lagos. The Guest […]
The National Bureau of Statistics (NBS) has revealed that the Nigeria Banking sector recorded 910,186,115 transactions valued at N65.16 trillion in 2016. The bureau in its selected Banking Sector Data for the fourth quarter noted that Automated Teller Machine (ATM) transactions dominated the volume of transactions with a recorded of 590, 238, 934 of […]