ADVERTISEMENT
TechEconomy
Tuesday, June 3, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Emefiele says Transaction Volume via E-channels Increased by 836%

Emefiele says Transaction Volume via E-channels Increased by 836%

Justice Godfrey Okamgba by Justice Godfrey Okamgba
May 2, 2023
in Finance
0
CBN

RelatedPosts

NairaWatch, Naira and dollar

Naira Appreciates, Closes at N1,582/$1 in Official Market

June 3, 2025

Salesforce Introduces Agentforce for Financial Services to Address Shrinking Workforces

June 2, 2025
According to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), the number of transactions conducted online climbed by 836 percent between 2017 and 2021.

At the 34th seminar for finance correspondents and business editors held by CBN on Tuesday in Calabar, Cross River, Mr. Emefiele made this disclosure.

“Implementing a Robust Payment Architecture: Prospects, Opportunities and Challenges” is the focus of the current conference.

The Governor, who was represented by Mahmud Hassan, Director of the CBN’s Monetary Policy Department, claimed that the continuing development and implementation of several programs by the central bank had fueled innovation.

According to him, it has also met emerging market needs in the payment system landscape.

Mr. Emefiele said the key objective was the use of a payment system as a tool to achieve financial inclusion goals in the country.

He said through these programs, the CBN had successfully repositioned the Nigerian payment system to be highly competitive and acclaimed as one of the most innovative globally.

“Thus, many payment products found in the country are now readily available in some other economies.

“These include the Instant Payment, the QR codes, the Central Bank Digital Currency (eNaira).

“These efforts have culminated in a significant increase in the total volume of transactions and electronic payment channels.

“While the use of cash and cheques continued diminishing, web-based transactions such as PoS, NIP, ATM, and MMO have increased substantially.

“For instance, between 2021 and 2017, the volume of transactions via electronic channels such as ATM, POS, WEB, MMO, and NIP increased by 99.76, 1,775.72, 35,502.58, 2,413.44 and 836.50 percent, respectively,” he said.

The eNaira, one of the apex bank’s major projects, according to Mr. Emefiele, was responsible for this important development in payment system architecture.

Since the eNaira’s debut, the initiative, according to him, has continued to change its features to make it more usable by a wider range of users.

Emefiele said, “Today, one does not need a smartphone to use the eNaira as it has become compatible with all generations of mobile devices, including future phones.

“Today, over 1.4 million transactions have passed through the eNaira platform.”

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: CBNChanneMoney
Previous Post

Live TV and Streaming in One App? Meet StarTimes-ON

Next Post

Innovating a Bluer Economy for Africa

Justice Godfrey Okamgba

Justice Godfrey Okamgba

Related Posts

NairaWatch, Naira and dollar
Finance

Naira Appreciates, Closes at N1,582/$1 in Official Market

by Latifat Fashina
June 3, 2025
0

The naira appreciated in the official market on Monday, closing at N1,582/$1, up from last Friday’s close of N1,586/$1. The...

Read more
Agentforce for financial services by Salesforce

Salesforce Introduces Agentforce for Financial Services to Address Shrinking Workforces

June 2, 2025
Segun Alebiosu, CEO, FirstBank China-Africa Interbank Association | FirstBank Agent Credit

FirstBank Disburses N1billion in One Day via Agent Credit Scheme

June 2, 2025
America Debt - IMF

Can AI Save America from its Debt Spiral

May 31, 2025
Nigeria economy by FBNQuest, Naira currency, Nigeria's currency, strongest currencies

Naira Holds Steady at N1,586/$1 in Official Market

May 31, 2025
Naira vs Dollar | Asset management

Naira Appreciates in the Official Market, Closes at N1,586/$1

May 30, 2025
Next Post
Africa Blue Economy

Innovating a Bluer Economy for Africa

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.