NIGERIA 
Population of 211 million citizens which is
expected to grow to 400 million by 2050
Median age of 18 years which is one of the youngest in the world
GDP of USD 480 billion in 2021 expected to grow to USD 922 billion in 2026
GDP per capita of USD 2,227 in 2021 is expected to grow to USD 3,085 in 2026
104 Million internet users (+22.1% YoY)
65 Million have purchased goods online
5 USD Billion online sales in 2020 (+42 YoY)
99.2% Million USD of internet users aged 16 to 64 have smart phone
1.2 Billion USD consumers have spend in 2020 for online games
Nigerian E-commerce consumers pay with a variety of payment methods
Merchants processing payments via a cross-border PSP can only offer
International branded Credit Cards to their customers where the conversion
rates will typically be lower than compared to processing locally in the
country.
Cross Switch enables any cross-border merchant to offer all locally available payment methods to its customers.
International branded Credit and Debit Cards
Local branded Credit and Debit Cards
Mobile Money
Digital Wallets
Bank Transfers
