Live Breaking News & Updates on Automated direct debit
Stay updated with breaking news from Automated direct debit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Image from NairametricsBy Elizabeth Adegbesan For the second consecutive month, the value of Point of Sale (PoS) transactions fell by 0.8 percent, month-on-month (MoM) to N503.96 billion in May from N507.9 billion in April. However, the volume of PoS transactions increased by two percent, MoM, to 79 million from 77.6 million in April. Nigeria Interbank Settlement System (NIBSS) disclosed this in its electronic payment report for May. READ ALSOASUU directs UniJos lecturers to boycott postgraduate activities The NIBSS report revealed a marginal increase in the value of e-payment transactions to N22.24 trillion in May from N22.23 trillion in April. This represents 0.05 percent MoM increase. ....
E-Payments in Nigeria decline across all channels On By Elizabeth Adegbesan THE value of electronic payment (e-Payment) transactions in Nigeria fell month-on-month, MoM, by 10 per cent to N19.9 trillion in January 2021, from N22 trillion in December 2020. Similarly, the volume of transaction declined by 20 per cent to 696.2 million in January 2021, from 867.4 million in December 2021. Vanguard analysis of Nigeria Inter-Bank Settlement System (NIBSS) Plc. e-Payment channels data show that all electronic channels recorded decline in their volume and value of transactions during the period, except Electronic BillsPay channels that recorded a 10 per cent rise in volume. Analysis of NIBSS data shows that the volume of Point of Sale (PoS) transactions fell by nine percent to 70.9 million in January from 77.9 million in December last year while its value dropped by 15 percent to N489.24 billion from N574.37 billion in December. ....