Breaking News
ADVERTISEMENT

Electronic payments attract N43trn in Q2

The Central Bank of Nigeria (CBN) report has revealed increased in electronic payment channels with transactions risen to N43tr in the second quarter of the year against N30.5tr recorded in the half of year 2016.

ADVERTISEMENT

The platforms include the use of cheques, NIBSS Electronic Funds Transfer (NEFT), NIBSS Instant Payment, ATM, Point of Sale (PoS), Mobile money and the internet.

Nigeria Inter-Bank Settlement System Plc (NIBSS) Instant Payment recorded the highest transactions in both volume and value. In 128,266,151 dealings, a total sum of N18.866tr was transacted, a little higher than N18.331tr recorded in the first quarter of the year in 108,937,146 transactions.

ADVERTISEMENT

Cheques transactions was peak at N6.913tr in 13,444,393 transactions against the first quarter of N6.730tr recorded in 15,161,194 transactions. NEFT a total of N8.513tr was recorded in 10,050,688 transactions, higher than the first quarter N6.600tr in 8,659,042 transactions.

In the use of Automated Machines, a total of 351,922,647 transactions valued at N3.421tr was recorded in the second quarter of the year, against the N3.372tr value in 331,618,322 dealings in various banks in the first quarter of the year.

For PoS, N324.131bn was recorded in 32,774,728 transactions in the second quarter of the year, quite aginst N285.977bn in 26,646,982 transactions in the first quarter of the year. Internet (Web) transactions recorded lowest patronage in volume of  5,965,106 transactions valued at N37.093bn.

 

Sharing

BREAKTHROUGH NATURAL CURE FOR PROSTATE ISSUES IN JUST 15 DAYS!!! You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE!!! Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.