Mobile Wallet Usage Analysis by Consumer Profile: Drawing from proprietary survey results, this report identifies and interprets key mobile payment KPIs, including spend by age, gender, and income level in both value and volume terms. Mobile payment and mobile wallet market size and forecast by mobile proximity payment. Nigeria Mobile Proximity Payment Market Size and Forecast Nigeria Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies: Provides market share by key players in value terms. Nigeria Market Share of Key Mobile Wallet Companies Mobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value. Below is a summary of key market segments: This report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Nigeria. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Nigeria. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. This report provides a comprehensive view on mobile payment/mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Nigeria. The mobile wallet payment segment in value terms increased at a CAGR of 25.7% during 2018-2025. Major players in Nigerian mobile payment market include Paga, PocketMoni, and VCash.Īccording to the author, the mobile payment industry in Nigeria is expected to record a CAGR of 25.6% to reach US$ 73,871.9 million by 2025. Today, while many other mobile money platforms have been launched in the Nigerian market, Paga dominates with 8,000,000+ users. Paga launched its services as Nigeria's first licensed mobile money platform.
However, the telecom operators are struggling to get license for introducing their respective mobile money services. The 21 licensed mobile money service operators present in Nigeria have achieved different levels of success. By extending the core financial services, the bank aims to achieve a minimum of 80 percent financial admittance by 2020. The Central Bank of Nigeria has targeted financial inclusion with the help of SANEF, a network of 500,000 agents. Nigerian citizens often neglect banking and prefer storing cash or use local solutions for making transactions such as community banking.
In Nigeria, cash still dominates retail payments, but digital transactions, especially mobile payment are growing strongly.Ī significant share of Nigerian population remains either unbanked or underbanked. Dublin, J(GLOBE NEWSWIRE) - The "Nigeria Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size and Forecast across 45+ Market Segments" report has been added to 's offering.