The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N9.2 trillion over mobile devices between January and July this year. The 7 months data just released showed a surge in the usage of mobile for financial transactions as the value of deals over the platform has surpassed N8 trillion recorded in the full year 2021.
Year-on-year, the NIBSS data showed that the value of mobile transactions has grown by 155% in the 7 months of this year compared to the N3.6 trillion recorded in the same period last year.
According to NIBSS, the volume of mobile inter-scheme transactions also rose by 122% year on year from 135 million recorded between January and July last year to 300 million in the same period this year.