This was an increase of 23.84 per cent from the N77.91bn recorded in the previous quarter of 2022.
The growth in e-business income seems to be driven by the naira redesign policy of the CBN.
Cashless transactions grew by 44.84 per cent to N126.73tn in first quarter of 2023 from N87.49tn in the corresponding period of 2022, according to industry statistics from the Nigeria Inter-Bank Settlement System It explained that by 2025, the country will have a cashless and efficient electronic payment system infrastructure to service all sectors of the economy.
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