Nigeria
Nigeria is a prime market for digital expansion, often hailed as the “Giant of Africa” Nigeria stands as the continent’s largest economy and most populous nation in Africa.
Start expandingAccepting payments in Nigeria
Access to all banks in Nigeria for collections and payouts (single and bulk payout)
Key factors driving growth
As the most populous country in Africa and the sixth-largest global population. Nigeria boasts of a young and tech-savvy population eager for digital solutions.
Widely known for its real-time inter-bank transfers and settlements, NIBSS is key in supporting the Central Bank of Nigeria's policies to promote cashless transactions and financial inclusion.
is forecasted for real-time payments by 2027.
Unlocking Nigeria’s digital opportunity
Advantages of offering localised payment solutions
Nigeria ranks first globally for peer-to-peer (P2P) exchange volumes and is one of the fastest-growing digital economies in Africa. As the population continues to embrace electronic transactions, businesses have an unprecedented opportunity to scale.
With over 818 million mobile transfers processed each month in early 2023, compared to just 12.9 million in 2016, the shift towards digital is accelerating. By offering localised payment methods such as bank transfers and mobile wallets, businesses can connect with more customers, reduce friction at checkout, and tap into a rapidly expanding market hungry for modern commerce experiences.
Empower your business in Nigeria’s booming digital market with Payfuture
Nigeria is one of Africa’s fastest-growing digital economies, and a major opportunity for businesses looking to expand. With rising smartphone usage and rapid adoption of online payments, Nigeria is undergoing a digital transformation across e-commerce, fintech, and financial services.
Driven by a young, tech-savvy population, mobile banking, digital wallets, and alternative payment platforms are reshaping how people transact. Payfuture helps businesses tap into this momentum with localised, scalable payment solutions designed for Nigeria’s infrastructure.
From mobile wallets and bank transfers to secure, real-time transactions, our platform connects you to more customers with less friction. With Payfuture, you can reduce conversion losses, offer better payment experiences, and lead Nigeria’s digital evolution.
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