Nigeria's developing e-pay economy

Jumia workers examine products for delivery in Lagos, Nigeria. AFP Photo/Pius Utomi Ekpei

Nigeria has historically set the example for other African nations in terms of mobile adoption, internet infrastructure proliferation, and e-commerce. But the country’s mobile payment market is still in its nascent stages, despite the landscape of mobile users ripe for e-pay projects.

Paga, the company at the forefront of the mobile payment market in Nigeria, has been making some investment-based moves towards elevating Nigeria’s e-pay economy, but the government is looking at ways to make it part of daily life as well.

Last week, the Central Bank of Nigeria (CBN) announced new plans to broaden its e-payment systems and proliferate mobile payments and cashless infrastructure.

Read more: Nigeria’s developing e-pay economy | BLOUIN BEAT: Technology