Nigerians spent N1.69tn electronically on utility bills such as power, Pay TV subscriptions, and other everyday utilities in the first seven months of 2022, according to data from the Nigeria Inter-Bank Settlement System.
This is a 32.06 per cent increase from the N1.28tn that was electronically spent on utilities in the corresponding period of 2021. This figure indicates an increasing acceptance of electronic channels for bills payment by Nigerians. In the first seven months of 2022, the e-bill pay platform was used 562,030 times, which was a 24.16 per cent decrease from the 741,081 times it was used in the corresponding period of 2021.
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