Most popular in-store, or POS, payment methods in Nigeria 2017-2022
forecasted user growth of Nigeria's Paga app. This wallet is widely regarded as the country's biggest fintech, as it was responsible for over two billion U.S. dollars of transactions in 2020.
Cash money still made up the vast majority of Nigerian POS payments since COVID-19, despite a significant decline in market share. Bank notes and paper money accounted for more than six out of 10 paid-for transactions in physical stores in 2022, as the source predicts cash will likely stay the main in-store payment method up to 2025. The use of mobile wallets in a physical environment did increase since 2020 - likely spurred by the