Cashless: E-payment transactions rise by 8% in H1’19

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Cashless: E-payment transactions  rise by 8% in H1’19

By Babajide Komolafe

THE value of electronic payment transactions rose by 8.1 percent in the first half of 2019 (H1’19).

Data from the Central Bank of Nigeria, CBN, showed that monthly average value of transactions through seven channels rose to N13.3 trillion in H1’19 from N12.3 trillion in the corresponding period of 2018, translating to 8.1 percent Year-on-Year, YoY, increase.

The e-payment channels include Nigeria Automated Payment System, NAP, Automated Teller Machines, ATMs, Point-of-Sales, PoS, Internet and Mobile Money.

Continue reading Cashless: E-payment transactions rise by 8% in H1’19 at Vanguard News.



Source: Vanguard Newspaper