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Business Fintech Tech in Nigeria

eTranzact processed ₦50 trillion worth of transactions in 2022, hitting ₦1.17 billion in profit

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated
eTranzact processed ₦50 trillion worth of transactions in 2022, hitting ₦1.17 billion in profit
Photo by Annie Spratt / Unsplash

Digital payment channels are seeing massive adoption in Nigeria in recent years, with cashless transactions in the country rising by 45.41% YoY to reach ₦39.58 trillion in January 2023, according to data from the Nigeria Inter-Bank Settlement System.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated

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