THE country's daily average electronic payment transaction has grown to more than N190 billion, according to the Nigerian Bankers Committee.
The committee, which comprises of all bank heads and Central Banks of
Executives from CBN and several bank officials attended the meeting.
Briefing journalist after the meeting, CBN representative on the committee,
Revealing the current transaction status, Umeano, who is the head of shared services at CBN, said that the value of transactions carried out using Nigerian Electronic Fund Transfer, NEFT was N153 billion, Instant Payment at N37 billion, POS terminal was N50 million, Mobile Money stood at N12million.
The total overall transaction according to Umeano current stands at N190, 62 billion.
Umeano noted that the statistics showed that there had been a shift from the traditional cash carrying system to electronic forms of payment.
Based on the figures, Umeano said that the committee had resolved to extend the cashless policy to other parts of the country by
The cashless policy is currently operational in few states in the country.
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