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Gbeminiyi Ogunleye
4 days ago
Overview
Card Payments in Nigeria Will Surge in 2025, Says Expert
Given the growing trend in card transactions in Nigeria, Fintava, a fast growing Fintech company that provides financial solutions to businesses of all sizes, has predicted that card payments in Nigeria will surge in 2025.
Fintava’s Co-founder, Samuel Ojerinde, who gave the prediction in his outlook for Nigeria’s payment landscape in 2025, said: “The shift towards a cashless economy accelerates this trend, with more consumers relying on physical and virtual cards for everyday financial transactions. Cards have become the backbone of modern transactions globally, and Nigeria is catching up rapidly. As 2025 unfolds, the stage is set for an unprecedented surge in card payments, presenting businesses with unique opportunities to tap into this growing market and redefine their payment strategies.”
According to him, globally, the use of card payments has witnessed exponential growth over the past decade. He cited a recent report by World Bank, which explains how cashless transactions are increasing at an annual rate of over 12 per cent, with card payments leading the charge.
Credit: Thisdaylive
