Cashless transactions rise by 54.55% to ₦611.06 trillion - NIBSS

Cashless transactions increased by 54.55% over 12 months from ₦395.38 trillion in 2022 to ₦611.06 trillion in 2023.

Fresh data from the Nigeria Inter-Bank Settlement System (NIBSS) has shown that the value of cashless transactions increased by 54.55% over 12 months from ₦395.38 trillion in 2022 to ₦611.06 trillion in 2023.

The NIBSS data revealed that the ₦611.06 trillion processed in 2023 included the total amount processed on the Nigeria Instant Payment System and Point of Sales terminals.

By Solomon Ekanem.

Full story at Pulse NG.