Nigeria’s Electronic Payment Transactions Hit N21.27tn In May
Jun 7, 2021 ·
10m 22s
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Description
Transactions across various electronic payment channels rose marginally by 0.38 per cent to N21.27 trillion in May 2021, up from the N21.19 trillion recorded in April 2021.The report showed that...
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Transactions across various electronic payment channels rose marginally by 0.38 per cent to N21.27 trillion in May 2021, up from the N21.19 trillion recorded in April 2021.The report showed that the value of transactions was flat due to the slow level of economic activities recorded last month.It showed that while point of sale transactions declined marginally to N503.96 billion in May, down from N507.86 billion the previous month; transactions via NIBSS Instant Payment climbed to N21.246 trillion, as against N21.191 trillion recorded the previous month.It stated that the Q1 2021 data confirmed a slow growth and fragile economy, even as inflation showed a slight moderation to 18.12 per cent with food inflation down to 22.72 per cent.
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Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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