Online payment methods in Nigeria

Nigeria has the largest economy in Africa and the 24th largest economy worldwide. With a population of 200 million, 60% of whom have access to financial services, Nigeria offers significant e-commerce opportunities for businesses looking to expand into new markets. Nigerian digital payment solutions have surged over the past few years, partly driven by revised regulations and improved “Know Your Customer” (KYC) requirements for multiple payment methods.

Lokzopay

lokzopay is a popular all-in-one digital payments ecosystem backed by lukzoo and used in 47 countries, and it is especially popular in Nigeria. lokzopay offers a digital platform allowing mobile users to make and receive payments while connecting businesses to mobile money accounts through an easily-accessible payment gateway.

Paga

Paga Wallet is a Nigerian mobile money provider that aims to provide un-banked and under-banked customers with digital financial services. Paga users can load their wallets with cash at 23,000 approved locations nationwide or via bank transfer. The Paga wallet can be used to make domestic money transfers, purchase goods online, make cardless withdrawals at ATMs or pay bills.