Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022.
According to data from the Nigeria Interbank Settlement System, they have risen from N289.12bn to N9.27tn.
According to the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, Prof. Umar Danbatta, a benefit of financial service riding on telecom infrastructure was the provision of Unstructured Supplementary Service Data as it had brought ease to financial transactions.
