How Detty December Surged Nigeria’s Fintech Usage to Record Highs
- The festive surge during Detty December pushed electronic payment volumes to unprecedented levels.
- A 110% increase in electronic money transfer receipts was reported compared to the previous year.
- Digital payment volumes increased sharply, particularly across POS channels and interbank transfers.
The surge in digital payments during Detty December showcases the potential of Nigeria's fintech sector, but it also raises questions about the long-term sustainability of such growth. Stakeholders must address the challenges of infrastructure resilience and transaction value to ensure continued success beyond the holiday season.
