Discover and read the best of Twitter Threads about #epayment
Most recents (2)
@NIBSS_NG launched #mcash in 2016 and relaunched it in 2018. It was a ceremony for the elites who have too many alternatives. 3 years after the 1st launch many still don't about what should be seen as the best provision to drive the cashless economy that @cenbank is promoting.
The problem with this initiative is same with most ideas in Nigeria. It started well and is not nosing towards its utmost possibility because there is no sufficient knowing about it at the grassroot among the hawkers and market women
In Kenya today, #mpesa is everywhere. epayment thrives even on the roadside. Reduction of cash transaction is a plus for every economy.
I had it in mind to do a thread on the #Fintech and #epayment landscape in Nigeria since about 2 weeks now. I had extracted the data and even analysed them. But never got around to sharing them. Too many distractions. 😊 So this is a data dump. Let's analyse together.
A THREAD!
A THREAD!
Within the last 3 years there has been significant increase in epayments. For instance, the volume on NIPS (Nibss Instant Pay) went up by 372% from 154 Billion transactions in 2016 to 730 Billion in 2018. And value went up by 111%, from N38Trillion in 2016 to N80Trillion in 2018. 
For POS transactions, the story is similar. Transaction volumes went up by 349% from 64 Billion in 2016 to 286 Billion in 2018. While in terms of values, it went up by 206% from N758 Billion in 2016 to N2.3 Trillion in 2018.
