E-payment transaction volume falls 9.2%, value rises to N1,053trn

•POS transactions fall 20%, value drops to N59.3trn  •ATM transaction value jumps 64.6% to N26.3trn By Babajide Komolafe Electronic payment transactions, via six channels,  recorded a 2.85 per cent, year-on-year, YoY increase  in value  to N1.053 quadrillion  in the first quarter of 2026, Q1’26 from N1.024 quadrillion

Annual UPI transaction volume rose from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26, an almost 13,000-fold increase, the Finance Ministry said in a statement