Payments Landscape in Nigeria: Opportunities and Risks to 2022

ReportsWeb.com has announced the addition of the “ Payments Landscape in Nigeria” The report provides detailed analysis of market trends in the Nigerian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period.

This report provides top-level market analysis, information and insights into the Nigerian cards and payments industry, including -

- Current and forecast values for each market in the Nigerian cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Nigerian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Get Sample of the Report: https://www.reportsweb.com/inquiry&RW00012502124/sample

Scope of the Report:
While bricks-and-mortar branches remain important in Nigeria, digital banks have begun to enter the market. In May 2017, Nigeria-based Wema Bank launched a digital-only bank, ALAT, with whom consumers can open accounts, receive a debit card, apply for loans, pay utility bills and receive discounts at partner merchants. Previously in November 2016, Lidya, an online financial services platform, was launched in the country, which also offers a Mastercard credit card. Similarly, banks are gradually moving towards digital channels to serve their customers
Commercial banks/credit card issuers in Nigeria are likely to face competition in the consumer lending space with the emergence of the online P2P lending model. In December 2017, for instance, the P2P lender KiaKia launched an online P2P and direct lending platform. According to the company, interest rates for unsecured credit vary between 7.5-15%, against 30% charged by some of its competitors. It also allows borrowers to choose between seven and 60 days for short-term loans, and charges interest only for the chosen days

Major manufacturers covered in this report:
FirstBank, UBA, GTBank, Ecobank, Access Bank, Zenith Bank, Verve, Visa, Mastercard

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Nigerian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Nigerian cards and payments industry.
- Assess the competitive dynamics in the Nigerian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Nigeria.
- Gain insights into key regulations governing the Nigerian cards and payments industry.

Know more about Report Details: https://www.reportsweb.com/inquiry&RW00012502124/discount

Table of Contents:

Market Overview
Executive Summary
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

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This release was published on openPR.