Cashless Policy: PoS transactions grow by 40% as e-payment hits N39.58tn, NIBSS

Data emerging from the Nigeria Inter-Bank Settlement System (NIBSS) reveals that cashless transactions in Nigeria rose by 45.41 percent y-o-y to N39.58tn in January 2023. The NIBSS monitors cashless transactions through the Nigeria Instant Payment System and Point of Sales terminals. Total NIP transactions for the period rose by 45.52 per cent y-o-y from N26.65tn […]

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