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Nigeria records largest global drop in cash usage as digital payments surge
TechCabal - Mar 19, 2025
Nigeria recorded a 59% decline in cash transactions from 2014 to 2024, the steepest among seven major economies. Electronic transactions in Nigeria surged by 16-fold (1,514.2%) between 2018 and 2024.
Central Bank of Nigeria
OPay
Nigeria
Worldpay
PalmPay
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