NGIn 2025, the value of Automated Teller Machine (ATM) transactions in Nigeria surged by 208.4% compared to 2024, reaching N89.12 trillion. This significant increase was reported by the Central Bank of Nigeria (CBN) in its annual report, attributed to growing user preference for digital channels, the expansion of e-commerce, and improved infrastructure. The volume of electronic payment transactions also rose by 2.62%, totaling 47.88 billion transactions, while the total value of these transactions climbed by 26.07% to N4,360.33 trillion. According to the CBN, ATM transactions saw the largest increase at 61.94%, followed by Unstructured Supplementary Service Data (USSD) and Point of Sale (PoS) transactions. However, the report highlighted challenges such as systemic risks, the dominance of a few major payment service providers, fraud, cyber threats, and the presence of unlicensed entities within the payments ecosystem.
Bias read (Center): The article presents statistical data on economic activity related to ATM and e-payment transactions without overtly favoring any political stance. It reports findings from the Central Bank of Nigeria, which is an official source, and discusses both positive trends and challenges in the financial系统.
