
Chinese fintechs rule as Nigeria’s mobile money value jumps 29-fold
Nigeria’s mobile money transactions have grown nearly 30-fold over the past five years. Between January and July 2020, mobile money transactions grew from N1.37 trillion to N41.54 trillion in the same period in 2024, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). Mobile money transactions rose by 2,472.75 per cent to 1.64 billion…