A global payment processing company that provides technology and services for electronic payments.
Four Nigerian banks processed $208 billion in mobile transactions in 2025
OPay and PalmPay have gained popularity due to their reliability and speed amidst bank app failures. The cash crunch from the failed naira redesign policy of 2022 accelerated the adoption of fintech apps in Nigeria.
Nigeria records largest global drop in cash usage as digital payments surge
Nigeria recorded a 59% decline in cash transactions from 2014 to 2024, the steepest among seven major economies. Electronic transactions in Nigeria surged by 16-fold (1,514.2%) between 2018 and 2024.
