Banking

Mobile bank transfers hit N19.4 trillion in 2022

The Nigeria Inter-Bank Settlement System has revealed that in 2022, Nigerian bank clients sent a combined total of N19.4 trillion in mobile money transfers. According to Nairametrics, the N8 trillion in 2022 represents an increase of 142% over the previous year. The number of mobile inter-scheme transactions increased by 151% between 2021 and 2022, from […]