Abuja - The Central Bank of Nigeria (CBN) said Point of Sales (POS) transactions value had increased from N38 million per month in 2012 to N24 billion monthly in June, 2014.
This is contained in a report on e-payment transactions released by the apex bank in Abuja on Monday.
According to the report, mobile money transaction values up to N819 million monthly.
“The POS transaction increased in volume from less than 2000 in January 2012 to 1.6 million per month as at June 2014.
“Over 150 000 POS terminal is presently across the country and 22 mobile money operators has been licensed,’’ it added.
It added that licensed Payment Terminal Service providers increased from five to 10 to increase POS terminal penetration across the country.
It noted that Nigeria Inter Bank Settlement System (NIBSS) instant Transfer had increased in volume from 87 000 transactions a month in January 2012 to 3.1 million transactions a month as at June 2014.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.