The growing embrace of mobile financial transactions continued in January and February as bank customers in the country transferred a total of $5 billion (N2.1 trillion) over mobile. The two months record represented 168 per cent growth between January and February this year, New Telegraph has learnt.
This represents 164 per cent growth over N798 billion recorded in the same period last year. Last year, total mobile transfers across the country hit an all-time high of N8.06 trillion. With the two months record for this year, a new height may be recorded as more Nigerians embrace electronic payment.
According to statistics released by the Nigeria Inter- Bank Settlement Systems (NIBSS), the volume of mobile inter-scheme transactions also rose from 30.2 million in the first two months of 2021 to 68.5 million in the same period this year…
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