- Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking 6th in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report
- The widespread uptake of new digital and real-time payment services helped to unlock US$3.2 billion of additional economic output in 2021, representing 0.67% of the country’s GDP – forecast to rise to $6 billion in 2026 (1.01% of the country’s GDP)
Nigeria’s real-time and digital payments revolution is driving economic growth and financial inclusion at unprecedented levels for the largest African economy, according to the third edition of Prime Time for Real-Time, published by ACI Worldwide, (NASDAQ: ACIW), in partnership with GlobalData, a leading data and analytics company, and the Centre for Economics and Business Research (Cebr).
The report – tracking real-time payment volumes and growth across 53 countries – includes an economic impact study for the first time, providing a comprehensive view of the economic benefits of real-time for consumers, businesses, and the broader economy across 30 countries.