The Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale (PoS) transactions...
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Despite the increase in the adoption of electronic payment system in Nigeria, only 12.7 million people drove the growing volume and value of instant payment transactions, which hit N80.4 trillion in 2018, New Telegraph has learnt.
The instant payment …
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Statistics from the Nigeria Interbank Settlement System, NIBSS, showed that Nigerians abandoned 10 million bank accounts in 2018 as a result of economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned by double digit inflation.
This...
More Nigerians have abandoned their bank accounts majorly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned by double digit inflation.
Statistics from the Nigeria Interbank Settlement System, NIBSS, showed that Nigerians...
The total number of mobile money customers in the country rose to 8.5 million last year, findings by New Telegraph show.
According to the latest “EpaymentFact Sheet” released by the Nigeria Interbank Settlement System (NIBSS), the number of mobile money customers jumped from 3.84 …
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The Managing Director of Nigeria Interbank Settlement System (NIBSS), Mr. Ade Shonubi has pledged the organisation’s commitment to constantly enhance the payment systems through....
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