Nigeria Fintech Digital Remittances Market Size | 2019-2032

Nigeria Fintech Digital Remittances Market Size and Forecast by Transfer Channel, End Users, Industry, Remittance Type, and Transaction Purpose: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN44102  | Publication: August 2024  |  US$925  |  

Nigeria Fintech Digital Remittances Market Growth and Performance


  • By 2032, revenue in the Nigeria fintech digital remittances market is expected to reach US$ 1.33 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 17.2% from 2024 to 2032.
  • By transfer channel, the preeminent segment is expected to be bank transfer, with a market valuation of US$ 691.2 Million in 2032.
  • Among various end users in Nigeria, IT and Telecom sector was valued at US$ 62.8 Million in 2023.
  • Further, it's projected that 22.2% of the total revenue in the Nigeria fintech digital remittances market will be attributed to BFSI end user by 2032.

Nigeria Fintech Digital Remittances Market Outlook

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Transfer Channel

Bank Transfer

Mobile and Online Transfer

Agent-Based Transfer

Cryptocurrency Transfer

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

Remittance Type

Domestic Remittances

International Remittances

Transaction Purpose

Personal Transfers

Business Transactions

 

For Enquiry