Financial Cards and Payments in Nigeria

  • ID: 4461087
  • Report
  • Region: Nigeria
  • 33 pages
  • Euromonitor International
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Financial cards recorded further growth in number of cards and retail value sales in 2017, although the economy limited consumer incomes and employment. A ban on the usage of financial cards abroad by the Central Bank of Nigeria, due to scarcity of foreign exchange, hampered financial cards. Many consumers find it beneficial to make payments with cards when abroad. Similarly, low formal employment and the high population of unbanked consumers restricted demand.

The Financial Cards and Payments 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: Financial Cards in Circulation, M-Commerce, 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 Financial Cards and Payments 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.
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FINANCIAL CARDS AND PAYMENTS IN NIGERIA

Executive Summary
Financial Cards Continues To Grow Despite Tough Economic Conditions
Growing Penetration of Financial Cards in Nigeria
Mobile Payment Options Limit the Growth of Financial Cards
Debit Cards Remains the Key Financial Card Type
Positive Growth Is Expected Over the Forecast Period
Market Indicators
Table 1 Number of POS Terminals: Units 2012-2017
Table 2 Number of ATMs: Units 2012-2017
Table 3 Value Lost to Fraud 2012-2017
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 6 Domestic versus Foreign Spend 2017

Market Data
Table 7 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 8 Financial Cards by Category: Number of Accounts 2012-2017
Table 9 Financial Cards Transactions by Category: Value 2012-2017
Table 10 Financial Cards by Category: Number of Transactions 2012-2017
Table 11 Consumer Payments by Category: Value 2012-2017
Table 12 Consumer Payments by Category: Number of Transactions 2012-2017
Table 13 M-Commerce by Category: Value 2013-2017
Table 14 M-Commerce by Category: % Value Growth 2013-2017
Table 15 Financial Cards: Number of Cards by Issuer 2012-2016
Table 16 Financial Cards: Number of Cards by Operator 2012-2016
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 20 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 21 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 22 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 23 Forecast Consumer Payments by Category: Value 2017-2022
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 25 Forecast M-Commerce by Category: Value 2017-2022
Table 26 Forecast M-Commerce by Category: % Value Growth 2017-2022
Sources
Summary 1 Research Sources
Prospects
Headlines
Prospects
Economic Stagnation Restricts Card Usage
Weak Credit Culture Discourages Use of Credit Cards
Positive Outlook for Credit Cards
Competitive Landscape
Mastercard International Is the Dominant Operator
Diamond Banks Is the Leading Issuer in Terms of Cards in Circulation
A Wider Choice of Credit Cards To Entice Higher-income Consumers

Category Data
Table 27 Credit Cards: Number of Cards in Circulation 2012-2017
Table 28 Credit Cards Transactions 2012-2017
Table 29 Credit Cards in Circulation: % Growth 2012-2017
Table 30 Credit Cards Transactions: % Growth 2012-2017
Table 31 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 32 Commercial Credit Cards Transactions 2012-2017
Table 33 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 34 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 35 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 36 Personal Credit Cards Transactions 2012-2017
Table 37 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 38 Personal Credit Cards Transactions: % Growth 2012-2017
Table 39 Credit Cards: Number of Cards by Issuer 2012-2016
Table 40 Credit Cards: Number of Cards by Operator 2012-2016
Table 41 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 42 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 43 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 44 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 47 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 48 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 50 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 51 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 52 Forecast Credit Cards Transactions 2017-2022
Table 53 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 54 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 56 Forecast Commercial Credit Cards Transactions 2017-2022
Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 60 Forecast Personal Credit Cards Transactions 2017-2022
Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 62 Forecast Personal Credit Cards Transactions: % Growth 2017-2022
Headlines
Prospects
Drive To Curb Cash Handling Costs Boosts Debit Cards
Increasing Usage Driven by Point-of-sale Devices and Incentives
Large Unbanked Population Creates Market for Debit Cards
Competitive Landscape
Mastercard Continues To Gain Ground on Verve
Top Five Banks Dominate the Issuance of Debit Cards

Category Data
Table 63 Debit Cards: Number of Cards in Circulation 2012-2017
Table 64 Debit Cards Transactions 2012-2017
Table 65 Debit Cards in Circulation: % Growth 2012-2017
Table 66 Debit Cards Transactions: % Growth 2012-2017
Table 67 Debit Cards: Number of Cards by Issuer 2012-2016
Table 68 Debit Cards: Number of Cards by Operator 2012-2016
Table 69 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 70 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 71 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 72 Forecast Debit Cards Transactions 2017-2022
Table 73 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 74 Forecast Debit Cards Transactions: % Growth 2017-2022
Headlines
Prospects
Pre-paid Cards Remains An Underdeveloped Category
Pre-paid Card Usage Evolves Slowly
Open Loop Is Set To Continue To Drive Pre-paid Cards
Competitive Landscape
Industry Players Look To Features To Entice Consumers

Category Data
Table 75 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 76 Pre-paid Cards Transactions 2012-2017
Table 77 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 78 Pre-paid Cards Transactions: % Growth 2012-2017
Table 79 Open Loop Pre-paid Cards Transactions 2012-2017
Table 80 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 81 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 82 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 83 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 84 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 85 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 86 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 87 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 88 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 89 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 90 Forecast Pre-paid Cards Transactions 2017-2022
Table 91 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 92 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 93 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 94 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Prospects
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