Mobile Transfers Hits N1.8 trillion in August 2022

today09/19/2022 4

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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

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