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Monthly value of USSD transfer payments in Nigeria 2020

Published by Simona Varrella, Dec 10, 2020
In June 2020, the value of USSD transfer payments in Nigeria amounted to over 390 billion Naira (roughly one billion U.S. dollars). Between January and June 2020, the value of USSD transfers increased, going from roughly 30 billion Naira to 390,5 billion Naira. USSD stands for unstructured supplementary service data. This payment method allows users to transfer money to third parties by using USSD codes. This service is similar to online banking but it does not need internet access.

Value of unstructured supplementary service data (USSD) transfers in Nigeria from January to June 2020 (in million Nigerian Naira)

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Release date

September 2020

Region

Nigeria

Survey time period

January to June 2020

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Payment methods in NigeriaPayment methods in EuropeKey indicators of Nigeria's economyE-commerce in NigeriaMobile money in Africa
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