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Nigerian Digital Payments Are Changing: What Users and Businesses Should Know

Nigeria’s payment system is changing rapidly. A few years ago, many everyday transactions depended heavily on physical cash. Today, millions of Nigerians routinely use: The scale of this change is enormous. In July 2026, the Nigeria Inter-Bank Settlement System reported that electronic payments processed over the preceding year had reached approximately ₦1.07 quadrillion, while transaction

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