By Elizabeth Adegbesan
The value of Automated Teller Machines (ATM) transactions grew sharply by 208.4 percent year-on-year (YoY) to N89.12 trillion in 2025 from N29.12 trillion in 2024.
The Central Bank of Nigeria, CBN, disclosed this in its 2025 Annual Report noting that the increase in ATM transactions reflects user preferences, adoption of digital channels, growth in e-commerce, and infrastructure improvements.
Analysing retail payments for the review period, CBN said that the volume of e-payments transactions increased by 2.62 per cent to 47.88 billion in 2025, compared with 46.65 billion in 2024.
Likewise, the value of transactions also rose by 26.07 per cent to N4,360.33 trillion from N3,458.77 trillion.
CBN added: “A breakdown of the volume of transactions by channels showed that ATMs recorded the highest rise of 61.94 per cent to 1.66 billion.
“This was followed by 20.89 per cent rise in Unstructured Supplementary Service Data, USSD, to 669.55 million, and 19.78 per cent increase in PoS use to 15.66 billion.
“ Decreases were, however, recorded in the volume of transactions through the mobile app, internet/web, and direct debits.”
The apex bank however noted that despite the increases recorded in e-payment transactions, systemic risk, dominance of few systemically important payment service (SIPS) providers, losses due to fraud, cyber threats and activities of unlicensed entities were risks observed in the payments system in 2025.
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