By Munachimso Obienyi
Buoyed by the rising connections across the country, the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N12.8 trillion over mobile devices between January and September this year.
According to the NIBSS data for mobile money transfers for the 9-month-period, the value of deals through the channel has already surpassed the N8 trillion recorded in the full year 2021.
Year on year, the NIBSS data showed that the value of mobile transactions has grown by 153 per cent in the 9 months of this year compared to the N5.06 trillion recorded in the same period last year.
The bank stated that the volume of mobile inter-scheme transactions also rose by 133 per cent year on year from 188 million recorded between January and September last year to 438 million in the same period this year.
It will be recalled that the Nigerian Communications Commission (NCC) revealed that active subscriptions for mobile services across the networks of MTN, Airtel, Globacom, and 9mobile rose by 14.4 million in the first 8 months of 2022.
