Cash money still made up the vast majority of Nigerian POS payments since COVID-19, despite a significant decline in market share. Bank notes and paper money accounted for four out of 10 paid-for transactions in physical stores in 2024, as the source predicts cash will likely stay the main in-store payment method up to 2030. The use of mobile wallets in a physical environment did increase since 2020 - likely spurred by the forecasted user growth of Nigeria's Paga app. This wallet is widely regarded as the country's biggest fintech, as it was responsible for over two billion U.S. dollars of transactions in 2020.
* The source changed its categories in 2021 and 2024, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted in 2023 - for the year 2022.
In 2024, the "debit card" and "prepaid card" categories were combined into a single category called "Debit and Prepaid Cards".
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Worldpay. (March 7, 2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Nigeria from 2017 to 2024, with a forecast for 2030 [Graph]. In Statista. Retrieved June 05, 2025, from https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Nigeria from 2017 to 2024, with a forecast for 2030." Chart. March 7, 2025. Statista. Accessed June 05, 2025. https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/
Worldpay. (2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Nigeria from 2017 to 2024, with a forecast for 2030. Statista. Statista Inc.. Accessed: June 05, 2025. https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Nigeria from 2017 to 2024, with a Forecast for 2030." Statista, Statista Inc., 7 Mar 2025, https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Nigeria from 2017 to 2024, with a forecast for 2030 Statista, https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/ (last visited June 05, 2025)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Nigeria from 2017 to 2024, with a forecast for 2030 [Graph], Worldpay, March 7, 2025. [Online]. Available: https://www.statista.com/statistics/1270456/distribution-of-pos-payment-methods-in-nigeria/
