In 2025, the total value of transactions processed through Automated Teller Machines (ATM) witnessed a massive 208.4 percent year-on-year increase, climbing to N89.12 trillion from N29.12 trillion in 2024. The Central Bank of Nigeria (CBN) highlighted these figures in its 2025 Annual Report, attributing the shift to enhanced infrastructure, the rise of e-commerce, and a growing consumer preference for digital financial tools.
Retail payment data shows that overall e-payment volumes grew by 2.62 percent, reaching 47.88 billion transactions compared to 46.65 billion the previous year. Correspondingly, the monetary value of these transactions expanded by 26.07 percent, totaling N4,360.33 trillion.
The CBN noted that ATMs led the growth in transaction volume with a 61.94 percent increase, totaling 1.66 billion. Other significant gains included a 20.89 percent rise in USSD transactions and a 19.78 percent jump in Point of Sale (PoS) activity. Conversely, mobile apps, web-based channels, and direct debits saw a decline in usage volume.
Despite this progress, the central bank warned of ongoing challenges within the payments landscape. Key risks identified for 2025 include cyber threats, systemic vulnerabilities, fraudulent activities, the presence of unlicensed operators, and the overwhelming market dominance of a small number of payment service providers.
