About 25 per cent of Point of Sale transactions conducted by customers
on Christmas Eve were not successful according to records from the
Nigeria Inter- Bank Settlement System Plc .
As of 8. 13 pm on
Monday, the NIBSS revealed that a total volume of 1 ,107 ,229
transactions were conducted with an average processing time of 15
minutes , 49 seconds .
It disclosed that the failed volume was 276, 852, which was 25 per cent of the total volume.
The
NIBSS is a financial sector that provides the mechanism for same day
clearing and settlement of inter -bank transfers and payments
It was
set up by the Bankers Committee as a shared – service infrastructure for
facilitating payments finalities , streamlining inter – bank payments
and settlement mechanisms , to drive and promote electronic payments
across the Nigerian financial industry .
Leave a Reply