Distribution of online payment methods in Nigeria 2023

In Nigeria, cards are used for most online retail payments. In 2023, this payment method accounted for 37 percent of the total online transactions performed in the country. On the other hand, the use of bank and cash transfers covered 29 percent and 16 percent of the payments, respectively. In fact, a popular way to pay on online marketplaces in Nigeria is cash on delivery. Data on credit card penetration in Nigeria show that the share of people owning a credit card is quite low. This means that, generally, residents resort to other payment methods to meet their online transaction needs. Increasing use of checks The use of checks has risen in Nigeria in recent years. Between January and August 2020, over 11.6 million check payments were issued in the country. These were in the value of 9.1 trillion Nigerian naira (NGN), roughly 21.9 billion U.S. dollars. On the whole, trillions of NGN in checks are issued each month. For instance, in December 2020 alone, Nigeria distributed around 1.6 trillion NGN worth of checks – corresponding to 3.8 billion U.S. dollars. To ensure safety and ease when dealing with checks, the country commenced the use of new standardized checks in April 2021. Mobile money on the rise Mobile money, also known as MoMo, has become a widely used method of payment not only in Nigeria, but also in the whole of Africa. In West Africa alone, there were close to 200 million registered mobile money accounts as of 2020. In Nigeria, customer subscriptions to this product reached around 15 million in 2019, which led to over 377 million mobile money transactions that year. Most mobile money operators have agents located in strategic places in the country, ensuring the delivery of quick services to customers. As of 2019, there were more than 266 thousand mobile money agents in Nigeria.

在尼日利亚，卡片已成为大多数在线零售支付的主要手段。至2023年，此种支付方式占该国总在线交易量的37%。另一方面，银行和现金转账的支付比例分别为29%和16%。实际上，现金送货是尼日利亚在线市场平台上支付的一种流行方式。关于尼日利亚信用卡渗透率的资料显示，持卡人比例相当低。这意味着，通常居民会诉诸其他支付方式以满足他们的在线交易需求。

检查支付的日益增多
近年来，尼日利亚检查支付的使用量有所上升。在2020年1月至8月间，该国发行了超过1160万张支票，总价值达到9.1万亿尼日利亚奈拉（NGN），约合219亿美元。总体而言，每月发行的支票价值以万亿计的尼日利亚奈拉。例如，仅2020年12月，尼日利亚就发行了价值约1.6万亿尼日利亚奈拉（相当于38亿美元）的支票。
为确保处理支票时的安全性及便捷性，该国于2021年4月开始使用新的标准化支票。

移动货币的兴起
移动货币，又称MoMo，不仅已成为尼日利亚，而且在整个非洲广泛使用的支付方式。仅在西非，截至2020年，就有近2亿个注册的移动货币账户。在尼日利亚，2019年客户对该产品的订阅量约为1500万，当年实现的移动货币交易量超过3.77亿次。大多数移动货币运营商在该国的战略地点设有代理，确保为顾客提供快速服务。截至2019年，尼日利亚拥有超过26.6万名移动货币代理。