• We have resolved over 60% ePayment challenges, says CIO
• USSD platforms still challenged despite over N100b debts owed telcos by banks
• CeBIH assures of improved services, fresh investment
• Banks infrastructure insufficient, say experts
Despite several complaints of unresolved failed electronic transactions that trailed the payment sub-sector in the first quarter of 2023, as a result of the Federal Government policy on naira redesign, volumes and values of electronic payment transactions, which slumped in February to N37.6 trillion has climbed to N49.4 trillion by March.
Though the Nigeria Inter-Bank Settlement System (NIBSS) was silent about unresolved transactions, industry sources noted that only 60 per cent of the ePayment transaction failures that occurred earlier in the year had been resolved, leaving 40 per cent of complaints unresolved.
Latest data released by the NIBSS…
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