In 2019, there were 15.3 million mobile money customers in Nigeria. Compared to previous years, the number of users increased significantly. Mobile money allows a customer to receive, store, and spend money using a mobile phone. The service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar. Sub-Saharan Africa has the largest number of mobile money users, the largest transaction volume as well as transaction value worldwide. Western Africa, in particular, registers the second largest share of mobile money accounts in the continent.
Number of mobile money customers in Nigeria from 2016 to 2019
(in millions)
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Nigeria Inter-Bank Settlement System PLC. (October 26, 2020). Number of mobile money customers in Nigeria from 2016 to 2019 (in millions) [Graph]. In Statista. Retrieved January 16, 2022, from https://www.statista.com/statistics/1182028/number-of-mobile-money-customers-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. "Number of mobile money customers in Nigeria from 2016 to 2019 (in millions)." Chart. October 26, 2020. Statista. Accessed January 16, 2022. https://www.statista.com/statistics/1182028/number-of-mobile-money-customers-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. (2020). Number of mobile money customers in Nigeria from 2016 to 2019 (in millions). Statista. Statista Inc.. Accessed: January 16, 2022. https://www.statista.com/statistics/1182028/number-of-mobile-money-customers-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. "Number of Mobile Money Customers in Nigeria from 2016 to 2019 (in Millions)." Statista, Statista Inc., 26 Oct 2020, https://www.statista.com/statistics/1182028/number-of-mobile-money-customers-in-nigeria/
Nigeria Inter-Bank Settlement System PLC, Number of mobile money customers in Nigeria from 2016 to 2019 (in millions) Statista, https://www.statista.com/statistics/1182028/number-of-mobile-money-customers-in-nigeria/ (last visited January 16, 2022)
