Banking

Electronic payments fell to N37 trillion as transactions were unavailable.

An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the N39.58tn that was recorded in January 2023. This came  as the usage of epayment gateways recorded a 41.29 per cent month-on-month increase according to new data from Nigeria Inter-Bank Settlement System. In February, cashless gateways were used 901.46…
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