Despite the threat posed by Fintech companies, which entice customers with zero charges on cash deposits and transfers, Access Holdings Plc, United Bank for Africa Plc (UBA), and six other top Nigerian banks were able to generate N165.27 billion from electronic-banking income in the first quarter of 2025.
This represents an increase of 22.3 per cent from the N135.08 billion the eight banks reported in the first quarter of 2024.
The six other banks are: Zenith Bank Plc, FBN Holdings Plc, Stanbic IBTC Holdings Plc, FCMB Group Plc, Wema Bank Plc, and GTCO Plc.
THISDAY gathered that the increase in electronic banking income from Point of Sales (PoS), Unstructured Supplementary Service Data (USSD), Automated Teller Machine (ATM), and Internet banking contributed to the significant increase in fees and commission on the backdrop of growth in customers’ base.