E-business transactions generate #304 billion for 11 banks

According to some estimates, Nigerian banks will earn a total of 304.374 billion through electronic-business transactions in 2022.The 11 Nigerian Stock Exchange-listed banks boosted their e-business income by 7% from 287.429 billion in 2021 to 304.374 billion in 2022.All transactions made through card products, mobile applications, USSD channels, automated teller machines (ATMs), agency banking, online banking, and point of sale (POS) payments are considered e-business. According to the report, UBA, Access Bank, and First Bank will be the top earners in e-business in 2022. Guaranty Trust CO is the first bank on the list. In 2022, the bank reported a profit of #23.201 billion. This figure represents a 10.04% increase over the 21.083 billion earned in 2021.