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Nigeria In As Global Contactless Payment Transactions Hit $10trn

Sep 21, 2022 04:27 PM
Nigeria In As Global Contactless Payment Transactions Hit $10trn

Nigeria's active young population that is increasingly technology savvy is setting it up to rapidly play in the deep end of the contactless payment revolution now seen to be racing to $10 trillion in transaction value in the next five years to 2027.

According to a new study, contactless payments, the system which uses near-field communication for making secure payments, will reach some $10 trillion globally in the next five years to 2027, up from $4.6 trillion this 2022, Juniper Research found for

the study.

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