Nigeria

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Verve cards, bank-account transfers and mobile-led providers give Nigeria several domestic payment routes. Naira payments connect consumers and merchants through local financial infrastructure at scale: approximately 238 million residents and US$1,200 GDP per capita in 2025.

Alpha-3:NGA
NUM:566
Population
238M
GDP
$291B
GDP per Capita
$1K
GDP Growth
4.0%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Nigeria

Nigeria's expanding transfers between bank accounts coexist with demand for naira cash. POS agents connect customers to banknotes where branches are distant, while rising electronic volumes have not removed cash from everyday commerce.

ATMs (PER 100K)
12.3
BANKS (PER 100K)
3.3
DEBIT CARDS (PER ADULT)
0.1
CREDIT CARDS (PER ADULT)
0.0
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards