Monday, April 3, 2023

Video - Cash crunch spurs digital payment system in Nigeria

The Central Bank of Nigeria's demonetization exercise has been criticized for many things – but it did spur an aggressive surge in the use of digital payment channels in the first two months of the year. Data from the Nigeria Interbank Settlement System indicates that in the first two months of 2023, the volume of transactions being made on mobile phones rose by 70 percent. 


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