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Debit Cards in Nigeria

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    Report

  • 21 Pages
  • December 2022
  • Region: Nigeria
  • Euromonitor International
  • ID: 4461059
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.

Table of Contents

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
DISCLAIMER

SOURCES
  • Summary 1 Research Sources