
home All News open_in_new Full Article
Nigeria’s cash payments to fall 32% on digital transaction surge

Nigeria's cash payments are projected to fall 32% by 2030 due to a surge in digital transactions. While Nigeria led MEA in cash usage for PoS transactions in 2024 (40%), A2A transfers via NIP are now the top e-commerce payment method. Electronic payments reached N1.07 quadrillion in 2024, with NIBSS processing 11.2 billion transactions, a 15.5% increase. PoS transactions also surged to N19.4 trillion, an 81% rise.
today 6 h. ago attach_file Economics
1 week ago
Crypto and the Future of Currency Conversion in Nigeria: Azasend’s Revolutionary Solution
attach_file
Politics
attach_file
Politics
ID: 2855577662