From January-September 2019, Zenith Bank, United Bank of Africa, Guaranty Trust Bank and seven other banks through e-transaction made the whooping sum of N135.15 billion.
In the first 10 months of the past year, the banks earned N86.312 billion as compared to this year resulting in an additional N48.838 billion was made. In essence, e-transaction grew by 57% this year.
These earnings by the bank were gathered from deduction of charges from customers through transactions on Internet banking, POS, ATMs, agency banking, and electronic bills payment.
The ten banks that made these earnings include; Wema Bank, Zenith, United Bank of Africa, Guaranty Trust Bank, Access Bank, Sterling Bank, First Bank of Nigeria, Jaiz Bank Plc, Fidelity Bank, First City Monument Bank.
With N35.32 billion, Zenith Bank had the highest-earning, then First Bank in second place with N34.42 billion. UBA, GTB bank had their earnings up by 44% and 63% respectively.
Access bank, FCMB, Sterling bank went up by 58%, 45%, and 48% respectively. Fidelity Bank, Wema Bank, and Jaiz bank also went up by 92%, 45% respectively.
