Report: Nigerian Economy Reaping Benefits of Real-time, Digital Banking Transformation

Nigeria’s real-time and digital payments revolution is driving economic growth and financial inclusion at unprecedented levels for the largest African economy, according to the third edition of Prime Time for Real-Time, published by ACI Worldwide, in partnership with GlobalData, a leading data and analytics company, and the Centre for Economics and Business Research (CEBR).
 
The report reveals Nigeria as Africa’s undisputed real-time and digital payments leader, adding that Nigeria recorded 3.7 billion real-time transactions in 2021, ranking 6th in the league table of the world’s most developed real-time payments markets, behind India, China, Thailand, Brazil, and South Korea.
 
In recent years, Interswitch has partnered with ACI to deploy cutting-edge technologies that are changing the face of payments in Nigeria. These innovative products include single-issuing platforms for all payment types, digital payment acceptance for acquirers, enterprise payment platforms and secure omni channel payment processing platforms, among others.
 
More details at:
https://www.thisdaylive.com/index.php/2022/07/21/report-nigerian-economy-reaping-benefits-of-real-time-digital-banking-transformation