Cashless transactions increased by 54.55% over 12 months from ₦395.38 trillion in 2022 to ₦611.06 trillion in 2023. Fresh data from the Nigeria Inter-Bank Settlement System (NIBSS) has shown that the value of cashless transactions increased by 54.55% over 12 months from ₦395.38 trillion in 2022 to ₦611.06 trillion in 2023.The NIBSS data revealed that the ₦611.06 trillion processed in 2023 included the total amount processed on the Nigeria Instant Payment System and Point of Sales terminals. The total value of instant payments in 2023 was recorded as ₦600.36 trillion, while the Point of Sales t…