“In 2026, Nigeria’s fintech regulators are likely to deepen support for interoperable QR and instant funds transfer at merchant points of acceptance.” – Emmanuel Ojo
- Nigeria's fintech regulators are likely to deepen support for interoperable QR codes and instant funds transfers by 2026.
- Retailers and merchants may benefit from lower transaction fees as a result of these regulatory changes.
- Instant funds transfer usage at merchant acceptance points has grown by over 30% year-on-year.
The anticipated regulatory support for interoperable payment systems in Nigeria is a positive development for the fintech landscape, potentially driving innovation and consumer adoption. However, stakeholders must remain vigilant about the risks associated with overreliance on single payment methods, which could hinder long-term sustainability.
