Pre-Paid Cards in Nigeria

Pre-Paid Cards in Nigeria


Nigeria remains a mainly cash-driven society, though debit card usage is growing. Pre-paid cards, however, are not a popular option, and while the number of cards is expected to increase, constant transaction value is expected to fall in 2023, as inflation remains very high. There is little awareness of pre-paid cards and most open loop cards are in foreign currency. Closed loop cards dominate, though open loop cards register higher growth in 2023.

Euromonitor International's Pre-Paid 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: Closed Loop Pre-Paid Card Transactions, Open Loop Pre-Paid 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 Pre-Paid 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.


Pre-Paid Cards in Nigeria
Euromonitor International
November 2023
List Of Contents And Tables
PRE-PAID CARDS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Still lack of awareness of pre-paid cards in Nigeria
Lift of ban of naira debit cards for international transaction dampens value growth for pre-paid cards
Scarcity of cash in 2023 drives further growth of Lagos Cowry transport card
PROSPECTS AND OPPORTUNITIES
Transport cards will continue to drive growth of closed loop pre-paid cards
Younger people key consumer group
Technological developments will help boost usage of pre-paid cards in e-commerce
CATEGORY DATA
Table 1 Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 2 Pre-paid Cards Transactions 2018-2023
Table 3 Pre-paid Cards in Circulation: % Growth 2018-2023
Table 4 Pre-paid Cards Transactions: % Growth 2018-2023
Table 5 Open Loop Pre-paid Cards Transactions 2018-2023
Table 6 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 7 Pre-paid Cards: Number of Cards by Issuer 2018-2022
Table 8 Pre-paid Cards: Number of Cards by Operator 2018-2022
Table 9 Pre-paid Cards Transaction Value by Issuer 2018-2022
Table 10 Pre-paid Cards Transaction Value by Operator 2018-2022
Table 11 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022
Table 12 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022
Table 13 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022
Table 14 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022
Table 15 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028
Table 16 Forecast Pre-paid Cards Transactions 2023-2028
Table 17 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028
Table 18 Forecast Pre-paid Cards Transactions: % Growth 2023-2028
Table 19 Forecast Open Loop Pre-paid Cards Transactions 2023-2028
Table 20 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028
FINANCIAL CARDS AND PAYMENTS IN NIGERIA
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture
2023 key trends
Mobile money key tool in driving financial inclusion
Competitive landscape
What next for financial cards and payments?
MARKET INDICATORS
Table 21 Number of POS Terminals: Units 2018-2023
Table 22 Number of ATMs: Units 2018-2023
Table 23 Value Lost to Fraud 2018-2023
Table 24 Card Expenditure by Location 2023
Table 25 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
Table 26 Domestic versus Foreign Spend 2023
MARKET DATA
Table 27 Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 28 Financial Cards by Category: Number of Accounts 2018-2023
Table 29 Financial Cards Transactions by Category: Value 2018-2023
Table 30 Financial Cards by Category: Number of Transactions 2018-2023
Table 31 Consumer Payments by Category: Value 2018-2023
Table 32 Consumer Payments by Category: Number of Transactions 2018-2023
Table 33 M-Commerce by Category: Value 2018-2023
Table 34 M-Commerce by Category: % Value Growth 2018-2023
Table 35 Financial Cards: Number of Cards by Issuer 2018-2022
Table 36 Financial Cards: Number of Cards by Operator 2018-2022
Table 37 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
Table 38 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
Table 39 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
Table 40 Forecast Financial Cards by Category: Number of Accounts 2023-2028
Table 41 Forecast Financial Cards Transactions by Category: Value 2023-2028
Table 42 Forecast Financial Cards by Category: Number of Transactions 2023-2028
Table 43 Forecast Consumer Payments by Category: Value 2023-2028
Table 44 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
Table 45 Forecast M-Commerce by Category: Value 2023-2028
Table 46 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings