{"id":171643,"date":"2025-07-28T23:36:41","date_gmt":"2025-07-28T22:36:41","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-cashless-payments-reach-n250-trillion"},"modified":"2025-07-29T00:38:35","modified_gmt":"2025-07-28T23:38:35","slug":"nigerias-cashless-payments-reach-n250-trillion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion","title":{"rendered":"Nigeria&#8217;s Cashless Payments Reach N250 Trillion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigeria Inter-Bank Settlement System, NIBSS\u2019s, has announced that the country\u2019s cashless transactions rose to N295 trillion in the first quarter of 2025, up from N237.11 trillion in the corresponding quarter of 2024.<\/p>\n<p>This follows an NIBSS report revealing that the number of active bank accounts in the country increased to 320 million within the same period.<\/p>\n<p>NIBSS disclosed this in its latest report on the country\u2019s financial sector.<\/p>\n<p>According to the data, the report highlighted the growing reliance on digital payments nationwide.<\/p>\n<p>Details from the report showed that electronic payment channels were used 2.21 billion times in Q1, while point-of-sale, PoS terminals recorded 776.94 million transactions.<\/p>\n<p>The NIBSS report corroborates ACI Worldwide data, which indicated that the volume of Nigeria\u2019s real-time payment transactions will reach 19.7 billion by 2028, up from 7.9 billion in 2023.<\/p>\n<p>\u201cIn Nigeria, real-time payments are quickly becoming a viable alternative to cash, historically the dominant choice for payments in the country,\u201d ACI said.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigeria Inter-Bank Settlement System, NIBSS\u2019s, has announced that the country\u2019s cashless transactions rose to N295 trillion in the first quarter of 2025, up from N237.11 trillion in the corresponding quarter of 2024. This follows an NIBSS report revealing that the number of active bank accounts in the country increased to 320 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":171642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[12672,254],"class_list":["post-171643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nibss","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria&#039;s Cashless Payments Reach N250 Trillion - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Inter-Bank Settlement System, NIBSS\u2019s, has announced that the country\u2019s cashless transactions rose to N295 t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria&#039;s Cashless Payments Reach N250 Trillion\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Inter-Bank Settlement System, NIBSS\u2019s, has announced that the country\u2019s cashless transactions rose to N295 t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-28T22:36:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-28T23:38:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1753733441.645644.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria&#8217;s Cashless Payments Reach N250 Trillion\",\"datePublished\":\"2025-07-28T22:36:41+00:00\",\"dateModified\":\"2025-07-28T23:38:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1753733441.645644.jpg\",\"keywords\":[\"NIBSS\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-cashless-payments-reach-n250-trillion\",\"name\":\"Nigeria's Cashless Payments Reach N250 Trillion - 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