Nigeria Fintech Digital Payment Market Size | 2019-2032

Nigeria Fintech Digital Payment Market Size and Forecast by Type, End Users, Industry, Payment Method, Transaction Value, and Transaction Types: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN4449  | Publication: August 2024  |  US$545  |  

Nigeria Fintech Digital Payment Market Growth and Performance


  • By 2032, revenue in the Nigeria fintech digital payment market is expected to reach US$ 219.69 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 27.7% from 2024 to 2032.
  • By type, the preeminent segment is expected to be fintech digital commerce market, with a market valuation of US$ 165.84 Billion in 2032.
  • Among various end users in Nigeria, IT and Telecom sector was valued at US$ 4.75 Billion in 2023.
  • Further, it's projected that 21.6% of the total revenue in the Nigeria fintech digital payment market will be attributed to IT and Telecom end user by 2032.

Nigeria Fintech Digital Payment Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Type

Fintech Digital Commerce Market

Fintech Mobile POS Payments Market

Fintech Digital Remittances Market

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Payment Method

Credit Cards

Debit Cards

Bank Transfers

Digital Wallets

Cryptocurrencies

Prepaid Cards

Buy Now, Pay Later (BNPL)

Transaction Value

Micro Payments

Small Payments

Medium Payments

Large Payments

Transaction Types

Business-to-Consumer (B2C)

Business-to-Business (B2B)

Consumer-to-Consumer (C2C)

Consumer-to-Business (C2B)

 

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