Despite Fintech Competition, Four Banks Record N570.17tn Electronic

Four major Nigerian banks—First Bank, Guaranty Trust Bank, United Bank for Africa and Zenith Bank—reported a combined total of N570.17 trillion in electronic transactions for the first quarter of 2024, despite growing competition from fintech firms. The figure reflects the volume of digital payments, transfers and online banking activities processed through their platforms, underscoring the banks’ continued dominance in the country’s electronic payments market. Views Nigeria