Emerging Opportunities in Nigeria’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape by Timetric

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									Emerging Opportunities in
Nigeria’s Cards and
Payments Industry
Market Size, Trends and Drivers,
Strategies, Products and Competitive
Landscape



Product Code: VR0899MR
Published Date: March 2013




                             www.timetric.com
 TABLE OF CONTENTS




TABLE OF CONTENTS
1         Executive Summary .............................................................................................................................. 7
2         Market Attractiveness and Future Prospects of Cards and Payments Industry ............................ 9
3         Analysis of Nigeria Cards and Payments Industry Drivers ............................................................. 11
3.1       Macroeconomic Fundamentals ............................................................................................................. 12
3.1.1     Sustainable gross domestic product (GDP) growth .............................................................................. 12
3.1.2     Financial inclusion strategy ................................................................................................................... 13
3.2       Infrastructure Drivers ............................................................................................................................. 14
3.2.1     Growing internet penetration rates ........................................................................................................ 14
3.2.2     Smartphone penetration ........................................................................................................................ 15
3.2.3     Enhanced security measures on card products .................................................................................... 15
3.2.4     Growing number of ATMs ...................................................................................................................... 16
3.2.5     Increasing number of POS terminals...................
								
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