‘52% of Nigerian businesses suffered payment breakdown in 2025’, report says
- 52% of businesses in Nigeria experienced complete payment breakdowns in the past year.
- Over 80% of South African companies use at least five different payment tools that do not integrate with their accounting systems.
- Nigerian businesses primarily send money within West Africa (78.57%) and Europe (61.22%).
The findings from Miden's survey underscore a critical need for payment solutions that not only innovate but also integrate smoothly into existing business operations. As businesses in both Nigeria and South Africa navigate their unique challenges, there is a clear opportunity for fintech companies to develop tailored solutions that address these specific pain points.
