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The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from the Nigeria Inter-Bank Settlement System have shown.
This shows a growth of 99 per cent from the mobile transaction figures of N11.44tn recorded in the corresponding period of 2020.
Bank customers conducted the transactions on the NIBSS Instant Payment, Point of Sales and e0lectronic bills platforms.
NIP was the most preferred platform in March, accounting for N22.02tn of the total online transactions’ value.
The instant payments were carried out by customers via bank branches, Internet banking, mobile apps, Automated Teller Machines and Unstructured Supplementary Service Data.
The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.
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