Nigerian Banks Attribute Improved Earnings to Technology
Dec 19, 2019 ·
1m 25s
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Description
The adoption of electronic transactions for customers has earned Guaranty Trust Bank (GTB), United Bank of Africa (UBA), and eight other banks N135.15 billion earnings between January and September 2019....
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The adoption of electronic transactions for customers has earned Guaranty Trust Bank (GTB), United Bank of Africa (UBA), and eight other banks N135.15 billion earnings between January and September 2019.
The banks were able to secure the earnings from the fees and commission that they charged their customers when they carried out transactions through the Automated Teller Machines (ATMs), Internet banking, Point of Sale payments, electronic bills payment and agency banking.
According to the third-quarter reports of the banks, showed that their revenue from electronic transactions grew by 57% as against the N86.312 billion they earned from the first 10 months of 2018.
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The banks were able to secure the earnings from the fees and commission that they charged their customers when they carried out transactions through the Automated Teller Machines (ATMs), Internet banking, Point of Sale payments, electronic bills payment and agency banking.
According to the third-quarter reports of the banks, showed that their revenue from electronic transactions grew by 57% as against the N86.312 billion they earned from the first 10 months of 2018.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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