Electronic payment transactions increased by N56trn in Q3, says NBS report
Advertisement This is according to data made available by the National Bureau of Statistics (NBS). According to the report, “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels and Staff Strength”, total volume of 2,781,526,188 transactions were carried out through electronic payment channels in Q3 2020 compared to 2,160,436,659 transactions in Q2 2020. It said real time gross settlement (RTGS), an on-line payment system in which processing and settlement take without deferral, dominated the volume of transactions recorded with 1,799,199 transactions valued at ...
Source: thecable.ng