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Mobile transactions in Nigeria hit N9.2 trillion in seven months of 2022. In 2019, if you asked Victor Bello, an electronics trader in the bustling Computer Village of Lagos, Nigeria, if he would allow his customers to make non-cash transactions, he would have laughed and promptly shown you the door.

Bello believed in only monetary transactions for all sales and even though more and more of his customers tried to make payments via mobile or electronic payments, he simply refused.

Mobile phones have become an integral part of life in Nigeria – not just for communication but for business as well.

Source: The Skuup