NigeriaDemerge Nigeria Limited is a limited company incorporated in Nigeria and licensed by the Central Bank of Nigeria as a Payment Solution Service Provider
Market Overview
eCommerce market revenue is expected to grow at a rate of 10.81% per year (CAGR 2023-2027)* * Source: Statista, 2023
Download Country Guide-
Population: 225M *
Approximately 17% of Nigerians own credit cards.
* Source: Worldometers 2023.
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eCommerce: 11B *
Nigeria is expected to achieve $10,030.00 million in eCommerce market value by 2027*
* Source: International Trade Administration, 2022 & Statisa, 2023
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eShoppers:103M *
eCommerce users are expected to hit 58.6% by 2027
* Source: Datareportal, 2022
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Internet users: 55.4% *
Smartphone penetration is at 56% among Nigerians, this is why payment methods such as mobile money are important.
* Source: Datareportal, beginning of 2023.
Gain insight into Nigeria's most relevant payment methods
- 29% Bank Transfer
- 20% Debit Cards
- 17% Credit Card
- 16% Cash on Delivery
- 10% eWallets
- 8% Others
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Credit and debit cards
Play like a local by offering traditional payment methods.
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Visa
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Mastercard
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Verve
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Wallets
Tackle all audiences.
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OPay
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Paga
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Online bank transfers
Count on a wide variety of options to drive conversion.
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Zenith
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GT Bank
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Unity Bank
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First Bank
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Sterling Bank
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Providus Bank
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Access
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Okra
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The ultimate guide to unlocking eCommerce growth in Nigeria
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