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Central Bank Of Nigeria: Electronic Payment Transactions Hit Record High In Six Months Thursday Oct 3 2019   @Tonye Lekara
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Electronic payment (e-pay-ment) transactions worth N203.35 trillion were carried out by banks between January and June, this year, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.

The data, released at the weekend, showed that the deals occurred through cheques, Automated Teller Machines (ATMs), Point of Sale (PoS), m-Cash, CentralPay, Remita, Nigeria Interbank Instant Payment (NIBSS) Instant Payment (NIP), mobile money, among other channels.

The report showed that 3.4 million transactions worth N2.2 trillion occurred through cheques; 504 million transactions worth N49.35 trillion through NIP; 424.5 million transactions worth N3.23 trillion through ATMs. PoS attracted 187.6 million transactions worth N1.39 trillion, while web transfers attracted 47.9 million deals worth N223.9 billion.

Others are mobile money, 104.7 million transactions worth N1.9 trillion and Remita’s 21.6 million transactions worth N9.8 trillion.

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