Nigeria’s transition to a cashless economy gained significant momentum in 2024, with the value of electronic transactions surging by 79% to a record N1.08 quadrillion, according to the latest data from the Nigeria Inter-Bank Settlement System (NIBSS). The NIBSS Instant Payment (NIP) platform, an account-based, real-time interbank payment solution introduced in 2011, has been instrumental … Continue reading Nigeria’s Cashless Economy Soars As Electronic Transactions Hit N1.08 Quadrillion In 2024