Debit Cards in Nigeria - Research and Markets

Personal debit cards remains the most popular and widely issued type of financial card in circulation in Nigeria in 2022, growing strongly with the enhancement of the financial inclusion policy.

The publisher's Debit Card Transactions in Nigeria report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Debit Card Transactions market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market’s major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

DEBIT CARDS IN NIGERIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Financial inclusion policy boosts number of cards in circulation as well as transaction value and volumes
Foreign-denominated debit cards remain popular thanks to lack of spending limit
Success of Access Bank contribute to financial inclusion whilst Verve card benefits encourage debit card usage

PROSPECTS AND OPPORTUNITIES

Financial inclusion policy to drive debit cards growth at the expense of cash
M-commerce to hinder growth of physical card payments in Nigeria
First-tier banks dominate the digital payment platform

CATEGORY DATA

Table 1 Debit Cards: Number of Cards in Circulation 2017-2022
Table 2 Debit Cards Transactions 2017-2022
Table 3 Debit Cards in Circulation: % Growth 2017-2022
Table 4 Debit Cards Transactions: % Growth 2017-2022
Table 5 Debit Cards: Number of Cards by Issuer 2017-2021
Table 6 Debit Cards: Number of Cards by Operator 2017-2021
Table 7 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 8 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 9 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 10 Forecast Debit Cards Transactions 2022-2027
Table 11 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 12 Forecast Debit Cards Transactions: % Growth 2022-2027

FINANCIAL CARDS AND PAYMENTS IN NIGERIA

EXECUTIVE SUMMARY

Financial cards and payments in 2022: The big picture
2022 key trends
Adoption of BRT Bus Cowry Card provides a boost for closed loop pre-paid cards
Competitive landscape
What next for financial cards and payments?

MARKET INDICATORS

Table 13 Number of POS Terminals: Units 2017-2022
Table 14 Number of ATMs: Units 2017-2022
Table 15 Value Lost to Fraud 2017-2022
Table 16 Card Expenditure by Location 2022
Table 17 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 18 Domestic versus Foreign Spend 2022

MARKET DATA

Table 19 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 20 Financial Cards by Category: Number of Accounts 2017-2022
Table 21 Financial Cards Transactions by Category: Value 2017-2022
Table 22 Financial Cards by Category: Number of Transactions 2017-2022
Table 23 Commerical Payments by Category: Value 2017-2022
Table 24 Commercial Payments by Category: Number of Transactions 2017-2022
Table 25 Personal Payments by Category: Value 2017-2022
Table 26 Personal Payments by Category: Number of Transactions 2017-2022
Table 27 M-Commerce by Category: Value 2017-2022
Table 28 M-Commerce by Category: % Value Growth 2017-2022
Table 29 Financial Cards: Number of Cards by Issuer 2017-2021
Table 30 Financial Cards: Number of Cards by Operator 2017-2021
Table 31 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 32 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 33 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 34 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 35 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 36 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 37 Forecast Commercial Payments by Category: Value 2022-2027
Table 38 Forecast Commercial Payments by Category: Number of Transactions 2022-2027
Table 39 Forecast Personal Payments by Category: Value 2022-2027
Table 40 Forecast Personal Payments by Category: Number of Transactions 2022-2027
Table 41 Forecast M-Commerce by Category: Value 2022-2027
Table 42 Forecast M-Commerce by Category: % Value Growth 2022-2027