LEGIT NG
Nigerians are chocked with excessive bank charges which jeopardise the cashless drive of the Central Bank of Nigeria According to statistics, the digital payment system in Nigeria is projected to grow in 2025 There are a number of alternatives to deposit money banks in Nigeria to use to avoid bank charges.
Data from Statista states that Nigeria’s digital wallet adoption will grow by 37.6 per cent by 2025. Statista predicted top mobile wallets in Nigeria that will gain massive adoption in the next two years.
Paga According to Statista, Paga is expected to reach a number of higher users by 2025. Paga is regarded as Nigeria’s biggest fintech firm, having processed over $2 billion in transactions in 2020. MTN MoMo Central Bank of Nigeria’s (CBN) policy in granting telecommunication companies licenses to operate agency banking has led to the emergence of MTN Momo Payment Service Bank. Momo is said to have the largest number of agents across Nigeria with over 100,000 spread across the 774 local government areas in Nigeria.
Quickteller Nigeria’s oldest payment platform, Quickteller is regarded as a top player in the digital payment and savings ecosystem in Nigeria. Quickteller’s digital wallet is widely used in Nigeria with a focus on facilitating transactions across Africa. Apart from acting as a mobile transfer vehicle, Quickteller is also a savings platform. Chipper Cash The newest baby in the payment and savings ecosystem, Chipper Cash blazed into the scene and won many hearts in Nigeria.
Aside from acting as a payment platform, Chipper Cash has a digital savings wallet that accrues interest for users.
The fintech firm also operates a virtual card that allows for international transfers and transactions across Africa. Chipper Cash has more than three million users on its platform and processes over 80,000 transactions daily. Opay With over 18 million users in Nigeria, Opay, the digital payment platform has emerged as a top powerhouse in the digital ecosystem in the country. Others are KongaPay PalmPay PiggyVest, among others…
