Strategy Note /
Global

Mobile money is coming to Nigeria – a game-changer for financial inclusion

  • Financial exclusion remains stubbornly high in Nigeria; monetising low-income cohorts is proving difficult

  • Leading local telcos Airtel and MTN have now been issued with PSB licences, opening the door to mobile payments services

  • Safaricom/M-Pesa helped double Kenya’s financial inclusion rate in a decade. Growth in Nigeria could be even faster

Mobile money is coming to Nigeria – a game-changer for financial inclusion
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Busola Jeje
Rabail Adwani
Rohit Kumar
Ayobami Omole
Tellimer Research
9 November 2021
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