E-payment: Banks process N356.47trn in Q4 2020 alone

E-payment: Banks process N356.47trn in Q4 2020 alone

E-payment: Banks process N356.47trn in Q4 2020 alone     A total volume of 3,464,811,083 transactions valued at N356.47 trillion was recorded in Q4 2020 as data of transactions through Electronic Payment Channels (e-payment) in the Nigeria banking sector. This is according to the latest data released by the National Bureau of Statistics (NBS) titled “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength” obtained by Business Metrics. According to the statistics, online transfers dominated the volume of transactions recorded. It stood at 2,227,449,949 transaction volume…

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