Nigerian ATM Transactions Soar 208% to N89 Trillion in 2025

Automated Teller Machine (ATM) transactions in Nigeria experienced a significant increase, rising by 208.4 percent year-on-year to reach N89.12 trillion in 2025. This marks a substantial jump from N29.12 trillion recorded in 2024, according to the Central Bank of Nigeria's (CBN) 2025 Annual Report.

The CBN attributes this remarkable growth to several factors, including evolving user preferences, the increasing adoption of digital payment channels, the expansion of e-commerce activities, and ongoing improvements in financial infrastructure across the country. These elements collectively contribute to a more dynamic and digitally-driven retail payment landscape.

Beyond ATM usage, the report also highlighted a broader trend in electronic payments. The volume of e-payments transactions increased by 2.62 percent to 47.88 billion in 2025, compared to 46.65 billion in the previous year. Correspondingly, the value of these transactions saw a notable rise of 26.07 percent, climbing from N3,458.77 trillion to N4,360.33 trillion.

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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.

An analysis of transaction volumes by channel revealed that ATMs recorded the highest increase at 61.94 percent, totaling 1.66 billion transactions. This was followed by a 20.89 percent rise in Unstructured Supplementary Service Data (USSD) transactions, reaching 669.55 million, and a 19.78 percent increase in Point of Sale (PoS) usage, which amounted to 15.66 billion transactions. However, the CBN noted a decrease in transaction volumes through mobile apps, internet/web platforms, and direct debits.

Despite the overall positive trajectory in e-payment transactions, the apex bank also pointed out persistent risks within the payments system. These include systemic risks, the dominance of a few major payment service providers (SIPS), and ongoing concerns related to fraud, cyber threats, and the activities of unlicensed entities operating within the financial ecosystem.

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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.