E-Payments Fact Sheet for the year 2016
NIBSS Enterprise Intelligence Unit
18-Apr-16
ELECTRONIC PAYMENTS FACT SHEET
Industry Customer Account Database (As at March 2016)
Total Number of Active Bank Customers
Total Number of Bank Accounts
Total Number of Active Bank Accounts
Total Number of Current Accounts
Total Number of Saving Accounts
Total Number of Corporate Accounts
Total Number of Individual Accounts
Average monthly accounts opened (January - March 2016)
Bank Verification Number Issued
Source: NIBSS
56.19 Million
88.08 Million (~97% Classified)
60.19 Million
24.04 Million
61.05 Million
11.19 Million
71.31 Million
1.02 Million
21.21 Million
NIBSS Settlement Services
Cheques Operations (January - March 2016)
Total Volume processed
Total Value processed (N)
Average daily Cheques Volume
Mean Value per Cheques (N)
Total Corporate Cheques Processed - Volume
Total Corporate Cheques Processed - Value (N)
Total Individual Cheques Processed - Volume
Total individual Cheques Processed - Value (N)
Nationwide Cheque Truncations Services Managed by NIBSS
2.85 Million
1.45 Trillion
31,323
510,438
1.47 Million
0.90 Trillion
732,982
0.26 Trillion
E-Payment Operations
Total e-BillsPay Volume
Total e-BillsPay Value (N)
Average daily e-BillsPay Volume
Mean Value e-BillsPay NIP (N)
NEFT (NIBSS Electronic Fund Transfer)
NIP (NIBSS Instant Pay)
e-BillsPay (Electronic Bills Payment)
Bank Branches, Internet Banking
Bank Branches, Internet Banking, Mobile, ATM, POS
5.88 Million
2.76 Trillion
64,668
478,305
24.74 Million
7.64 Trilion
272,003
310,064
271,835
74.30 Billion
2,992
275,134
NIBSS as Industry Payment Terminal Service Provider (PTSA)
Point of Sale (PoS)
Total Number of PoS Registered
Total Number of PoS Connected/ Deployed
Total PoS Transactions volume
Total PoS Transactions value (N)
Average daily transactions volume
Mean Value per purchase (N)
Payment Terminal Service Providers
PoS Connectivity
Cashless Intiatives States
135,651
116,602
11.75 Million
0.14 Trillion
129,139
12,348
19 (Fully Licensed)
LAN, GPRS, CDMA, WIFI
Nationwide
Automated Teller Machines
Mobile Money Operations
Electronic Transfers via NIBSS Platform (January - March 2016)
NEFT Channels
NIP Channels
Total NEFT Volume
Total NEFT Value (N)
Average daily NEFT Volume
Mean Value per NEFT (N)
Total NIP Volume
Total NIP Value (N)
Average daily NIP Volume
Mean Value per NIP (N)
Other Services via the Nigerian Central Switch
ATM Operations
Total Number of ATMs (as at March 2016)
Total Number of Active Cards (2013)
Total Transaction volume (Jan-March 2016)
Total Transaction value (N) (Jan-March 2016)
Source: CBN
Mobile Money Operations
Total Number of Customers ( as at March 2016)
Total Number of Agents enrolled (as at March 2016)
Total Transaction volume (Jan-March 2016)
Total Transaction value (N) (Jan-March 2016)
Total Number of Licensed MMOs
Total Number of MMOs Intergrated to NIBSS for Interoperability
Source: CBN
Web Payments
Total Transaction volume (Jan-March 2016)
Total Transaction value (N) (Jan-March 2016)
Source: CBN
16,660
41.89 Million
0.12 Billion
1.07 Trillion
29.13Million
106,636
14.09 Million
0.14 Trillion
21
21
2.73 Million
31.69 Billion
NIBSS e-payment fact sheet was developed by NIBSS Enterprise Intelligence Unit for the purpose of sharing industry information that would facilitate innovation and growth in Nigeria's epayments Industry
With NIBSS ebillspay, bill Payment just got easier,
Pay your utility bills conveniently and with ease, requires no card or pin. Just your bank account number.
For more information, please talk to your bank today
Call NIBSS Toll Free line: 0800 ASK NIBSS (0800 275 64277)
[email protected]