Ken Research - Nigeria Remittance Market Report | Page 2

observed in Nigeria. Although the cash transactions dominate the industry currently, but the use of digital modes has seen a surge. It has become easier for the people to access these digital modes of remittance and bill payment. The government has extensively promoted the objective of complete financial inclusion of the country’s population along with the vision of a cashless economy. These dimensional changes have carved out a progressive path for the overall growth of the industry. The report 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 Ken Research suggested a multi bagger CAGR in terms of transaction volume and amount of bill payments in remittance and bill payments market in the next 5 years till 2022. For more information about the publication, 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 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 Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications [email protected] [phone]