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Distribution of online payment methods in Nigeria 2020

In 2020, some 27 percent of payments in online retail in Nigeria were by cards. Cash and bank transfers were the second most common payment methods, as each accounted for 24 percent of the total share. A popular way to pay on online marketplaces in Nigeria is cash on delivery. In fact, data on credit card penetration in Nigeria show that the share of people owning a credit card is quite low.

Distribution of online payment methods in Nigeria as of 2020

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Source

In cooperation with
PPRO
Release date

2020

Region

Nigeria

Survey time period

January 1, 2020

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Statistics on "Payment methods in Nigeria"

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