cheque

Cheque transactions dip 38% as e-payment rises sharply

Cheque transactions dip 38% as e-payment rises sharply

By Elizabeth Adegbesan The value of cheque transactions fell year-on-year (YoY) by 38 percent to N251 billion in July 2020 against N402.8 billion recorded in the corresponding period of last year. Similarly, the volume of transactions done using cheque dropped YoY  by 49 percent to 697,915 against 353,769 last year. Vanguard analysis of the latest […]