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Monthly value of MMOs transfer payments in Nigeria 2020

Published by Simona Varrella, Dec 10, 2020
In June 2020, the value of MMOs transfer payments in Nigeria amounted to over one trillion Naira (roughly 2.6 billion U.S. dollars). Between January and June 2020, the value of MMOs transfers increased, going from roughly 60 billion Naira to 1.3 trillion Naira.

Mobile money allows you to receive, store, and spend money using a mobile phone. This service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar.

Value of mobile money operators (MMOs) transfers in Nigeria from January to June 2020 (in million Naira)

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Release date

September 2020

Region

Nigeria

Survey time period

January to June 2020

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