Nigeria International Remittance Market is Expected to Reach USD 42 Billion by 2022

Ken Research - Seite 2

The major players in the Nigeria international remittance market include banks and non-bank institutions that include MTOs and transfer through family and friends. Some of the major banks in the market include Guaranty Trust Bank, Eco Bank, Fidelity Bank and others. In terms of MTOs, the industry till now was concentrated with only a few major companies such as Western Union, MoneyGram, World Remit and RIA dominating the industry.

According to the report by Ken Research titled "Nigeria Remittance and Bill Payments Market Outlook by Inbound and Outbound International Remittance, By Mode of Transfer (Cash or Electronic Transfers), By Channel (Bank and Non-Bank) - Outlook to 2022", By the year 2022, the transfer of funds through electronic means is expected to reach 89.0% followed by cash transfers that shall account for a share of 11%.

Key Topics Covered in the Report: 

• Nigeria International Remittance Market
• Inbound and Outbound International Remittances
• Major Flow Corridors (United States, United Kingdom and Others)
• Competition in Nigeria International Remittance Market
• Market Share of Major MTOs in Nigeria International Remittance Market
• Future Outlook & Projections of Nigeria International Remittance Market
• Nigeria Domestic Remittance Market
• Market Share of Mobile Money Operators (MMOs) and E-Wallet Operators In Domestic Remittance Market
• Future Outlook and Projections of Nigeria Domestic Remittance Market, 2017-2022
• Major Banks in Nigeria International and Domestic Remittance Market
  

Guaranty Trust Bank

Eco Bank

Fidelity Bank

• Major MTOs in Nigeria International and Domestic Remittance Market

Moneygram

Western Union

RIA Money Transfer

World Remit

• Nigeria Bill Payment Market
• By Types of Payment (Grocery Bills, Utility Bills, Fuel Bills, DTH and Broadband Bills and Mobile Recharge Bills)
• By Bill Payment Methods (Cash, Credit/Debit Card/E-Wallet and Electronic Transfers)
• By E-Bill Payment Methods (Biller's Desk and Third-Party Interface)
• Market Share of Mobile Money Operators (MMOs) and E-Wallet Operators In Bill Payments Market
• Future Outlook and Projections of Nigeria Bill Payment Market, 2017-2022

For more information on the research report, refer to below link:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/nigeria-remittance-bill-payment-market/142292-93.html

Related Reports by Ken Research 

Russia Remittance and Bill Payments Market by Inbound and Outbound International Remittance, By Mode of Transfer (Cash or Electronic Transfers), By Channel (Bank and Non-Bank) - Outlook to 2021

Mexico Remittance & Bill Payment Market Outlook to 2021 - Growing Mexican Immigrants in the US & Increasing Internet Penetration to Drive Market Growth

UAE Remittance and Bill Payments Market Outlook to 2021 - Rising Expatriate Population, Growing Business Activities and Increasing Demand for Utilities to Foster Growth

Contact US:
Ken Research
Ankur Gupta, Head Marketing & Communications
[e-mail]
[phone] ext. 26