Access Holdings Plc emerged as the highest earner from electronic banking services in the first quarter (Q1) of 2026 after generating ₦85.5 billion from digital transactions.
Analysis of the latest banking figures showed that Access Holdings outperformed its peers by a significant margin. United Bank for Africa recorded ₦45.8 billion in electronic banking income, while Zenith Bank generated ₦39.6 billion.
Guaranty Trust Holding Company posted ₦29.4 billion, Fidelity Bank earned ₦13 billion and FCMB Group reported ₦11.4 billion during the same period.
The numbers indicate that Access Holdings earned ₦39.7 billion more than UBA, its closest competitor, and more than double the amount generated by GTCO.
The group also surpassed the combined ₦53.8 billion recorded by GTCO, Fidelity Bank and FCMB Group.
Electronic banking income, which includes revenue generated from mobile banking, internet banking, automated teller machines, card transactions, point-of-sale terminals, USSD services and electronic transfers, has become an increasingly important source of non-interest income for Nigerian banks.
Of the combined ₦224.7 billion generated by the six lenders reviewed, Access Holdings accounted for approximately 38 percent, highlighting the scale of its digital banking operations and transaction volumes.
The performance reflects the bank’s continued investment in technology infrastructure, digital payment platforms and customer acquisition strategies across its operations.
The group’s extensive branch network and growing digital ecosystem have helped drive transaction volumes as more customers embrace electronic payment channels.
Industry analysts note that Nigeria’s transition toward a cashless economy continues to create significant revenue opportunities for banks with strong digital capabilities.
The increasing adoption of mobile payments, online transfers and electronic banking services by individuals and businesses has strengthened fee-based income across the sector.
While UBA, Zenith Bank and GTCO maintained strong positions in the digital banking segment with revenues of ₦45.8 billion, ₦39.6 billion and ₦29.4 billion respectively, Access Holdings maintained a sizeable lead.
