Payment methods in Nigeria

Statistics report on payment methods in Nigeria

Payment methods in Nigeria

This report provides information on payment methods in Nigeria. It focuses on e-payment and, in particular, digital payments and mobile money. It includes POS transactions, checks, transfers per mobile apps, mobile money, card payments, and other methods. Mobile money allows a customer to receive, store, and spend money using a mobile phone, a financial service that is very popular across the whole African continent. Overall, the different chapters contain figures on payment values and volumes as well as data on some service providers.

Table of contents

Overview

5
  • Premium Forecast Population share with banking account in Nigeria 2014-2029
  • Premium Statistic Popularity of financial products or services in Nigeria 2024
  • Premium Forecast Most common online payments by type in Nigeria 2023
  • Premium Forecast Peer-to-peer payments in Nigeria 2023
  • Premium Forecast Payments at points of sale by type in Nigeria 2023

Payments

8
  • Premium Statistic Most used in-store (POS) payment methods in Nigeria 2017-2023, with 2027 forecast
  • Premium Statistic Share of purchase using digital and mobile wallet in Nigeria 2020-2022. by modality
  • Premium Statistic Annual value of checks in Nigeria 2018-2022
  • Premium Statistic Value of POS transactions in Nigeria 2017-2023
  • Premium Statistic Monthly value of money transfers per mobile app in Nigeria 2021
  • Premium Statistic Monthly value of NEFT payments in Nigeria 2021
  • Premium Statistic Monthly value of RTGS transfer payments in Nigeria 2020
  • Premium Statistic Monthly value of USSD transfer payments in Nigeria 2020

E-Payments

7
  • Premium Statistic Distribution of payment methods in e-commerce in Nigeria 2022
  • Premium Forecast Penetration rate of online banking in Nigeria 2014-2029
  • Premium Statistic Volume of e-payment transactions in Nigeria 2020, by channel
  • Premium Statistic Monthly value of e-payment transactions in Nigeria 2020
  • Premium Statistic Distribution of online payment methods in Nigeria 2023
  • Premium Statistic Share of payments with e-wallet in Nigeria 2020, by leading service
  • Premium Statistic Monthly value of online transfer payments in Nigeria 2020

Cards

4
  • Premium Forecast Credit card penetration in Africa 2020, by country
  • Premium Forecast Penetration rate of credit cards in Nigeria 2014-2029
  • Premium Forecast Penetration rate of debit cards in Nigeria 2014-2029
  • Premium Statistic Biggest international and domestic payment card schemes in Nigeria 2019-2022

Mobile money

5
  • Premium Statistic Monthly value of MMOs transfer payments in Nigeria 2020
  • Premium Statistic Population with mobile money accounts in Nigeria 2019-2024
  • Premium Statistic Number of mobile money customers in Nigeria 2016-2019
  • Premium Statistic Number of mobile money agents in Nigeria 2016-2019
  • Premium Statistic Number of licensed MMOs in Nigeria 2016-2019

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