Cashless transactions hit N611.06tn in 2023 — NIBSS

The Nigeria Inter-Bank Settlement System on Wednesday said cashless transactions in Nigeria increased to N611.06trn in 2023. It said the payments grew to N611.06trn from N395.38trn as of the end of 2022 indicating a 54.55 per cent year-on-year growth. The NIBSS Instant Payments is an account-number-based, online real-time Inter-Bank payment solution developed in the year

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