Payments through mobile devices


Nigerian Bank Customers Transferred N12.8trillion Via Mobile Devices Between January To September

Fred Omotara, Lagos
The Nigeria Inter-Bank Settlement System (NIBSS) on Monday revealed that bank customers used mobile devices to transfer N12.8trillion between January to September 2022.
In a post on social media on Monday, the NIBSS data for mobile money transfers for the nine month period indicated a surge in the use of mobile devices for financial transactions, as the value of deals through mobile channels has already surpassed the N8trillion recorded in the full year of 2021.
On a year-on-year basis, the NIBSS data showed that the value of mobile transactions has grown by 153% in the nine month of 2022 compared to the N5.06trillion recorded in the first nine months of 2021.
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