Access Holdings Plc led Nigeria’s top lenders in electronic banking revenue for the first quarter of 2026, earning ₦85.5 billion from digital transactions, according to analysis of latest banking figures.
The amount put Access Holdings well ahead of its peers. United Bank for Africa posted ₦45.8 billion in e-banking income, followed by Zenith Bank with ₦39.6 billion and Guaranty Trust Holding Company with ₦29.4 billion. Fidelity Bank recorded ₦13 billion, while FCMB Group reported ₦11.4 billion.
Access Holdings earned ₦39.7 billion more than UBA, its closest competitor, and more than double GTCO’s ₦29.4 billion. The group’s Q1 earnings also exceeded the combined ₦53.8 billion recorded by GTCO, Fidelity Bank and FCMB Group.
Of the ₦224.7 billion generated in electronic banking income by the six banks reviewed, Access Holdings accounted for about 38 percent.
Electronic banking income covers revenue from mobile banking, internet banking, ATMs, card transactions, point-of-sale terminals, USSD services and electronic transfers. It has become a key source of non-interest income for Nigerian banks as adoption of cashless payments grows.
Industry analysts attribute the performance to Access Holdings’ investment in technology infrastructure, digital payment platforms and customer acquisition. The bank’s branch network and expanding digital ecosystem have also driven higher transaction volumes.
UBA, Zenith Bank and GTCO retained strong positions in the segment, but Access Holdings maintained a sizeable lead as Nigeria’s shift toward a cashless economy continues to create revenue opportunities for banks with strong digital capabilities.
