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Nigeria

Nigerian Naira (NGN)

As part of Nigeria’s efforts to increase financial access across the population, banks are expanding their payment infrastructures to include low-cost account options. This includes introducing more options for digital-only banks, as well as other electronic payment systems

Nigeria flag

Population

213,401,323

Banked Population:

45.32%

Group 427321246

Main industries

Petroleum, Tourism, and Agriculture

Group 427321247

Main imports

Refined Petroleum, Cars, Wheat,
Packaged Medicaments, and Telephones

Group 427321248

Main exports

Crude & Refined Petroleum, Petroleum Gas,
Scrap Vessels, and Special Purpose Ships

GDP stats

$2,065.7

Per capita (USD)

3.6%

Growth annually

30

World ranking

Internet usage

36%

Smartphone usage

49%

Credit/debit card usage

32%

Population transacting electronically

30%

Group 427321245 1

Total volume of digital payments projected to reach

$14.25B (USD)

Payment Methods in Nigeria

All
  • All Methods
  • P2C
  • USSD
  • eWallet

P2C

EcoBank Nigeria Plc

Ussd

Guaranty Trust Bank

Ussd

Stanbic IBTC Bank

Ussd

Sterling Bank Nigeria

Ussd

Union Bank of Nigeria Plc

Ussd

United Bank for Africa

Ussd

Unity Bank

Ussd

VFD MicroFinance Bank

Ussd

Wema Bank

Ussd

Zenith Bank

Ussd

Access Bank

Ussd

First City Monument Bank

Ussd

Fidelity Bank

Ussd

First Bank

Ussd

Heritage Bank

Ussd

Keystone Bank

Ussd

NQR Nigeria

eWallet

Online Naira

eWallet

Paga Wallet

eWallet

PayAttitude

eWallet

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