The hurdles facing contactless payment adoption across Nigeria
- CashAfrica announced a partnership with Food Concepts to introduce mobile tap-to-pay across Chicken Republic's 350 outlets.
- The Cowry card, operated by Touch and Pay Technologies, has over 300,000 active users and has processed 56 million transactions.
- POS terminals in Nigeria processed 1.38 billion transactions worth ₦18.32 trillion ($13.5 billion) in 2024.
While the partnership between CashAfrica and Chicken Republic is a step forward in promoting contactless payments, the underlying issues of consumer trust and the competition with established payment methods must be addressed. For tap-to-pay to succeed, it needs to demonstrate clear advantages over existing options and build consumer confidence in its security.
