Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%

The adoption of e-payments in Nigeria has been significantly accelerated by the COVID-19 pandemic. In 2020, over 2.03 billion electronic transactions were performed, according to Nigeria Interbank Settlement System plc (NIBSS) Insights on Instant Payments. This is a whopping 77% increase from 1.14 billion transacted in 2019. Similarly, the value of the electronic transaction rose … Continue reading Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%