Electronic transactions hit N48.93 trillion

Electronic transactions hit N48.93 trillion

Although, it is still plagued by inadequate levels of awareness, poor banking culture, lack of trust and a love for the status quo, the value of e-transactions recorded in 2015 hit N48.93 trillion, up by 11.6 per cent from 2014 in Nigeria.

This disclosure was contained in a White Paper report titled “Africa on the Verge (AoV) Convergence Series”, put together by AfricaPractice, a strategy and communications consultancy firm, with offices in Nigeria and abroad. A copy was made available to The Guardian.

The report, which observed that the establishment of the e-commerce industry has taken place as the wider digital value chain has expanded, with the availability and efficiency of e-payments becoming a crucial load bearing segment, observed that based on the significant link between the e-commerce and e-payments sectors, an adoption of similar advocacy methods supported by favourable government policies could help customers feel protected when electronically purchasing goods and services. Read more

Photo Credit 

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *