The Nigerian fintech sector is set for a transformative leap by 2025, with a focus on contactless payment options. Facial and fingerprint recognition will replace passwords, as Nigerians prefer cardless payments and use smartphones for transactions. Markie Idowu from Xpress Payments highlights the challenge of expensive POS machines and a trend towards alternative solutions. Olorunfemi Hanson supports the shift to device-less payments. As Nigeria leads in tech innovation, Statista notes a 40% surge in digital payments in 2023. Even the Central Bank of Nigeria aims to enhance contactless technology. More on this here.
What new payment solution would be most convenient for you?
