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Nigeria see surge in e-payment transactions hit N704.04 trillion in 2020

The value of electronic payment (e-payment) transtions rose year-on-year (YoY) by 325 per cent to N704.04 trillion in 2020 from N165.8 trillion in 2019.
Similarly, the volume of e-payment transactions rose YoY by 142 per cent to 7.16 billion in 2020 from 2.96 billion in 2019.
Vanguard analysis of data from the National Bureau of Statistics (NBS) Selected Banking Sector Report further showed that value of Non Performing Loans (NPLs) ticked up by 16 per cent to N1.23 trillion in 2020 from N1.05 trillion in 2019.
Similarly, banks’ credit to the private sector recorded growth during the period.
Analysis showed that banks’ credit to the private sector grew by 121 per cent to N77.53 trillion in 2020 from N64.11 trillion in 2019. ....

National Bureau Of Statistics , Oil Gas , National Bureau , Selected Banking Sector Report , Non Performing Loans , Banking Sector Report , Electronic Payment Channels , Nigeria Banking Sector , Online Transfer , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , எண்ணெய் வாயு , தேசிய பணியகம் , தேர்ந்தெடுக்கப்பட்டது வங்கி துறை அறிக்கை , அல்லாத நிகழ்த்துகிறது கடன்கள் , வங்கி துறை அறிக்கை , மின்னணு கட்டணம் சேனல்கள் , நைஜீரியா வங்கி துறை , நிகழ்நிலை பரிமாற்றம் ,

E-payment transactions rise by 325% to N704 trn in 2020

E-payment transactions rise by 325% to N704 trn in 2020
On
By Elizabeth Adegbesan
The value of electronic payment (e-payment) transtions rose year-on-year (YoY) by 325 per cent to N704.04 trillion in 2020 from N165.8 trillion in 2019.
Similarly, the volume of e-payment transactions rose YoY by 142 per cent to 7.16 billion in 2020 from 2.96 billion in 2019.
Vanguard analysis of data from the National Bureau of Statistics (NBS) Selected Banking Sector Report further showed that value of Non Performing Loans (NPLs) ticked up by 16 per cent to N1.23 trillion in 2020 from N1.05 trillion in 2019.
Similarly, banks’ credit to the private sector recorded growth during the period.
Analysis showed that banks’ credit to the private sector grew by 121 per cent to N77.53 trillion in 2020 from N64.11 trillion in 2019. ....

Elizabeth Adegbesan , National Bureau Of Statistics , Oil Gas , Kindly Share This Story , National Bureau , Selected Banking Sector Report , Non Performing Loans , Banking Sector Report , Electronic Payment Channels , Nigeria Banking Sector , Online Transfer , Share This Story , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , எண்ணெய் வாயு , கைஂட்லீ பகிர் இது கதை , தேசிய பணியகம் , தேர்ந்தெடுக்கப்பட்டது வங்கி துறை அறிக்கை , அல்லாத நிகழ்த்துகிறது கடன்கள் , வங்கி துறை அறிக்கை , மின்னணு கட்டணம் சேனல்கள் , நைஜீரியா வங்கி துறை , நிகழ்நிலை பரிமாற்றம் , பகிர் இது கதை ,