By Elizabeth Adegbesan
The value of AutomatedTeller Machine ATM transactions fell year-on-year YoY by 13.6 percent to N28.2 trillion in 2023 from N32.65 trillion in 2022.
The Central Bank of Nigeria, CBN, disclosed this in its March 2024 statistical bulletin.
Details of the data showed that volume of ATM transactions also declined YoY by 7 million or 0.5 percent to 1.38 billion in 2023 from 1.387 billion in 2022.
However, the volume and value of Web Pay or internet transactions grew during the period surpassing that of ATM transactions.