The scarcity of the naira increased the reliance on mobile devices for financial transactions by 505.29 per cent in the first quarter of 2023, data from the Nigeria Interbank Settlement System has indicated.
The value of mobile transactions rose by 160.11 per cent year-on-year to N9.07tn in the first quarter of 2023.
The volume of mobile transactions surged by 505.29 per cent year-on-year to 671.93 million in Q1, 2023 from 111.01 million in the corresponding period…
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