In 2019, Nigeria counted over 375 million mobile money transactions. Compared to the previous years, the number of operations increased consistently. Mobile money allows you to receive, store, and spend money using a mobile phone. To make a deposit or get cash, mobile money systems use agents, people in key locations throughout the country, including remote rural areas, where to pick up or deposit money. Nigeria had around 15 million mobile money customers in 2019. The number of users of this service has experienced an increase in the last years.
Transaction volume of mobile money operations in Nigeria from 2016 to 2019
(in millions)
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Transaction volume of mobile money operations in Nigeria from 2016 to 2019
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Nigeria Inter-Bank Settlement System PLC. (October 26, 2020). Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions) [Graph]. In Statista. Retrieved May 10, 2025, from https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. "Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions)." Chart. October 26, 2020. Statista. Accessed May 10, 2025. https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. (2020). Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions). Statista. Statista Inc.. Accessed: May 10, 2025. https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/
Nigeria Inter-Bank Settlement System PLC. "Transaction Volume of Mobile Money Operations in Nigeria from 2016 to 2019 (in Millions)." Statista, Statista Inc., 26 Oct 2020, https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/
Nigeria Inter-Bank Settlement System PLC, Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions) Statista, https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/ (last visited May 10, 2025)
Transaction volume of mobile money operations in Nigeria from 2016 to 2019 (in millions) [Graph], Nigeria Inter-Bank Settlement System PLC, October 26, 2020. [Online]. Available: https://www.statista.com/statistics/1182051/transaction-volume-of-mobile-money-in-nigeria/
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