Nduka Chiejina, Abuja

A huge N441 trillion e-payments were made in 90 billion transactions in 12 months, the Central Bank of Nigeria (CBN) has said.

According to a table of e-payments titled: “Industry e-payment figures for January to December 2019” made available by the apex bank, the multi-billion transactions valued at N441,905,957,714,981, were carried last year.

This is made up of 7,275,237 cheque transactions valued at N4,481,668,348,494; ACH/NAPS/PMS within banks, with a transaction volume of 47,311,582 with a value of N25,131,998,130,797.

Other electronic transactions with their values include: ATM, 839,819,922 transactions valued at N6,512,612,259,811; POS, with a volume of 438,614,182 and valued at N3,204,749,863,644. Internet (web) transaction volume of 103,497,007 valued at N478,140,101,693; and mobile money transactions of 377,265,208 with a value of N5,080,961,536,595.

The largest transaction by volume and value during the year under review was NIP (transactions between banks) with a volume of 1,145,785,229 and value of N105,222,562,871,372. The smallest was the m-cash transactions totalling 251,490 with a value of N600,921,460.

E-BillsPay – transactions for settling bills like DSTV subscription, and other bills witnessed a transaction volume of 1,099,805 valued at ?652,586,389,583. Central pay with a total of 663,163 transactions valued at N5,476,055,244.

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