Business

Mobile Transfers Hits N1.8 trillion in August 2022

today09/19/2022 4

Background
share close

The Nigeria Inter-Bank Settlement System, NIBSS, has revealed that bank customers in Nigeria transferred a total of N1.8 trillion over mobile devices in August this year.

This comes as an all-time high monthly value recorded since the deployment of the mobile inter-scheme platform.

The August deals represent a 155% increase year on year, compared to the N719 billion recorded in the same month of 2021.

According to NIBSS, the volume of mobile inter-scheme transactions also rose by 150.75% year on year from 26.6 million recorded in August last year to 66.7 million in the same period this year.

Written by: Helen Obih

Rate it

Previous post

Sports News

Spain Qualify for Davis Cup Quarter-finals

Spain will take on last year's runners-up Croatia in the Davis Cup quarter-finals in November. The Netherlands and the United States, who both beat Great Britain in Group D of qualifying, face Australia and Italy in the last eight respectively. Germany will play Canada in the other quarter-final match.

today09/19/2022

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!