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Nigeria Mobile Money Market Report by Technology (USSD, Mobile Wallets, and Others), Nature of Payment (Person to Person, Person to Business, Business to Person, Business to Business), Business Model (Bank Led Model, Non Bank Led Model), Transaction Type (Peer to Peer, Bill Payments and Airtime Top-ups, Travel Booking, and Others) 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3545
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Nigeria Mobile Money Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 USSD
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mobile Wallets
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Nature of Payment
7.1 Person to Person
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Person to Business
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Business to Person
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Business to Business
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Business Model
8.1 Bank Led Model
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non Bank Led Model
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Transaction Type
9.1 Peer to Peer
9.1.1 Market Trends
9.1.2 Major Types
9.1.2.1 Domestic Remittance
9.1.2.1.1 Market Trends
9.1.2.1.2 Major Types
9.1.2.1.2.1 Intra City P2P
9.1.2.1.2.1.1 Market Trends
9.1.2.1.2.1.2 Market Forecast
9.1.2.1.2.2 Inter State P2P
9.1.2.1.2.2.1 Market Trends
9.1.2.1.2.2.2 Market Forecast
9.1.2.1.3 Market Forecast
9.1.2.2 International Remittance
9.1.2.2.1 Market Trends
9.1.2.2.2 Major Types
9.1.2.2.2.1 Outbound Remittance
9.1.2.2.2.1.1 Market Trends
9.1.2.2.2.1.2 Market Forecast
9.1.2.2.2.2 Inbound Remittance
9.1.2.2.2.2.1 Market Trends
9.1.2.2.2.2.2 Market Forecast
9.1.2.2.3 Market Forecast
9.1.3 Market Forecast
9.2 Bill Payments and Airtime Top-ups
9.2.1 Market Trends
9.2.2 Major Types
9.2.2.1 Credit Card Payment
9.2.2.1.1 Market Trends
9.2.2.1.2 Market Forecast
9.2.2.2 Fuel Bills
9.2.2.2.1 Market Trends
9.2.2.2.2 Market Forecast
9.2.2.3 Healthcare and Wellness Bills
9.2.2.3.1 Market Trends
9.2.2.3.2 Market Forecast
9.2.2.4 Rental Payment
9.2.2.4.1 Market Trends
9.2.2.4.2 Market Forecast
9.2.2.5 Mobile and DTH Recharge
9.2.2.5.1 Market Trends
9.2.2.5.2 Market Forecast
9.2.2.6 Others
9.2.2.6.1 Market Trends
9.2.2.6.2 Market Forecast
9.2.3 Market Forecast
9.3 Travel Booking
9.3.1 Market Trends
9.3.2 Major Types
9.3.2.1 Offline Travel Booking
9.3.2.1.1 Market Trends
9.3.2.1.2 Market Forecast
9.3.2.2 Online Travel Bookings
9.3.2.2.1 Market Trends
9.3.2.2.2 Major Types
9.3.2.2.2.1 Online Flight Bookings
9.3.2.2.2.1.1 Market Trends
9.3.2.2.2.1.2 Market Forecast
9.3.2.2.2.2 Online Bus and Train Bookings
9.3.2.2.2.2.1 Market Trends
9.3.2.2.2.2.2 Market Forecast
9.3.2.2.2.3 Online Hotel Bookings
9.3.2.2.2.3.1 Market Trends
9.3.2.2.2.3.2 Market Forecast
9.3.2.2.2.4 Others
9.3.2.2.2.4.1 Market Trends
9.3.2.2.2.4.2 Market Forecast
9.3.2.2.3 Market Forecast
9.3.3 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Licensing
11.2 Research & Development
11.3 Product Management
11.4 Product Development
11.5 Marketing
11.6 End-Use
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Government Policies and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Cellulant Nigeria Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Ecobank Nigeria Limited (Ecobank Transnational Incorporated)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Funds and Electronic Transfer Solutions Ltd
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Fortis Mobile Money Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Guaranty Trust Bank Plc
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Pagatech Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Pocket Moni
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 ReadyCash
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Teasy International Company Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 VTNetwork Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
List of Figures
Figure 1: Nigeria: Mobile Money Market: Major Drivers and Challenges
Figure 2: Nigeria: Mobile Money Market: Transaction Value (in Million US$), 2018-2023
Figure 3: Nigeria: Mobile Money Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 4: Nigeria: Mobile Money Market: Breakup by Technology (in %), 2023
Figure 5: Nigeria: Mobile Money Market: Breakup by Nature of Payment (in %), 2023
Figure 6: Nigeria: Mobile Money Market: Breakup by Business Model (in %), 2023
Figure 7: Nigeria: Mobile Money Market: Breakup by Transaction Type (in %), 2023
Figure 8: Nigeria: Mobile Money (USSD) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 9: Nigeria: Mobile Money (USSD) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 10: Nigeria: Mobile Money (Mobile Wallets) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 11: Nigeria: Mobile Money (Mobile Wallets) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 12: Nigeria: Mobile Money (Other Technologies) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 13: Nigeria: Mobile Money (Other Technologies) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 14: Nigeria: Mobile Money (Person to Person) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 15: Nigeria: Mobile Money (Person to Person) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 16: Nigeria: Mobile Money (Person to Business) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 17: Nigeria: Mobile Money (Person to Business) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 18: Nigeria: Mobile Money (Business to Person) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 19: Nigeria: Mobile Money (Business to Person) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 20: Nigeria: Mobile Money (Business to Business) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 21: Nigeria: Mobile Money (Business to Business) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 22: Nigeria: Mobile Money (Bank Led Model) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 23: Nigeria: Mobile Money (Bank Led Model) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 24: Nigeria: Mobile Money (Non Bank Led Model) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 25: Nigeria: Mobile Money (Non Bank Led Model) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 26: Nigeria: Mobile Money (Peer to Peer) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 27: Nigeria: Mobile Money (Domestic Remittance) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 28: Nigeria: Mobile Money (Intra City P2P) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 29: Nigeria: Mobile Money (Intra City P2P) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 30: Nigeria: Mobile Money (Inter State P2P) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 31: Nigeria: Mobile Money (Inter State P2P) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 32: Nigeria: Mobile Money (Domestic Remittance) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 33: Nigeria: Mobile Money (International Remittance) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 34: Nigeria: Mobile Money (Outbound Remittance) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 35: Nigeria: Mobile Money (Outbound Remittance) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 36: Nigeria: Mobile Money (Inbound Remittance) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 37: Nigeria: Mobile Money (Inbound Remittance) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 38: Nigeria: Mobile Money (International Remittance) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 39: Nigeria: Mobile Money (Peer to Peer) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 40: Nigeria: Mobile Money (Bill Payments and Airtime Top-ups) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 41: Nigeria: Mobile Money (Credit Card Payment) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 42: Nigeria: Mobile Money (Credit Card Payment) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 43: Nigeria: Mobile Money (Fuel Bills) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 44: Nigeria: Mobile Money (Fuel Bills) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 45: Nigeria: Mobile Money (Healthcare and Wellness Bills) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 46: Nigeria: Mobile Money (Healthcare and Wellness Bills) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 47: Nigeria: Mobile Money (Rental Payment) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 48: Nigeria: Mobile Money (Rental Payment) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 49: Nigeria: Mobile Money (Mobile and DTH Recharge) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 50: Nigeria: Mobile Money (Mobile and DTH Recharge) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 51: Nigeria: Mobile Money (Other Bill Payments and Airtime Top-ups) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 52: Nigeria: Mobile Money (Other Bill Payments and Airtime Top-ups) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 53: Nigeria: Mobile Money (Bill Payments and Airtime Top-ups) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 54: Nigeria: Mobile Money (Travel Booking) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 55: Nigeria: Mobile Money (Offline Travel Booking) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 56: Nigeria: Mobile Money (Offline Travel Booking) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 57: Nigeria: Mobile Money (Online Travel Bookings) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 58: Nigeria: Mobile Money (Online Flight Booking) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 59: Nigeria: Mobile Money (Online Flight Booking) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 60: Nigeria: Mobile Money (Online Bus and Train Bookings) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 61: Nigeria: Mobile Money (Online Bus and Train Bookings) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 62: Nigeria: Mobile Money (Online Hotel Bookings) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 63: Nigeria: Mobile Money (Online Hotel Bookings) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 64: Nigeria: Mobile Money (Other Online Travel Bookings) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 65: Nigeria: Mobile Money (Other Online Travel Bookings) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 66: Nigeria: Mobile Money (Online Travel Bookings) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 67: Nigeria: Mobile Money (Travel Booking) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 68: Nigeria: Mobile Money (Other Transaction Types) Market: Transaction Value (in Million US$), 2018 & 2023
Figure 69: Nigeria: Mobile Money (Other Transaction Types) Market Forecast: Transaction Value (in Million US$), 2024-2032
Figure 70: Nigeria: Mobile Money Industry: SWOT Analysis
Figure 71: Nigeria: Mobile Money Industry: Value Chain Analysis
Figure 72: Nigeria: Mobile Money Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Nigeria: Mobile Money Market: Key Industry Highlights, 2023 & 2032
Table 2: Nigeria: Mobile Money Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Nigeria: Mobile Money Market Forecast: Breakup by Nature of Payment (in Million US$), 2024-2032
Table 4: Nigeria: Mobile Money Market Forecast: Breakup by Business Model (in Million US$), 2024-2032
Table 5: Nigeria: Mobile Money Market Forecast: Breakup by Transaction Type (in Million US$), 2024-2032
Table 6: Nigeria: Mobile Money Market: Competitive Structure
Table 7: Nigeria: Mobile Money Market: Key Players
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