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Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth

Tribune Online Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth Nigeria’s digital payment space is witnessing intense competition as fintechs dominate transaction volumes, while traditional banks focus on translating digital activity into strong revenue growth. According to data from the Nigeria Inter-Bank Settlement System (NIBSS), licensed mobile money operators, including OPay, PalmPay, and Moniepoint, processed a combined N71.5 trillion in transactions in 2024 — a […] Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth Tribune Online


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