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Nigeria Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update
Market Report I 2025-02-10 I 88 Pages I PayNxt360
According to PayNXT360, BNPL payment market in Nigeria is expected to grow by 13.8% on annual basis to reach US$1,622.4 million in 2025.
The BNPL market in the country experienced robust growth during 2021-2024, achieving a CAGR of 23.1%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 10.0% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 1,425.8 million to approximately USD 2,614.2 million.
This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Nigeria, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics.
It breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.
PayNXT360's research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Key Insights
Nigeria's BNPL market is experiencing rapid growth, driven by increased e-commerce activity, financial inclusion initiatives, and changing consumer preferences. The expansion of BNPL beyond online retail into sectors such as transportation and utilities highlights its growing role in the broader financial ecosystem. With projections indicating steady growth over the next few years, the market will likely see increased competition, prompting providers to diversify their offerings and enhance accessibility to a wider consumer base.
Strategic partnerships further strengthen BNPL adoption, allowing fintech firms and retailers to integrate flexible payment solutions into their platforms. As these collaborations continue, BNPL services are expected to become more mainstream, reshaping how consumers manage credit and financial transactions. Over the next 2-4 years, Nigeria's BNPL sector will continue evolving, offering more tailored financing options while contributing to the overall digital transformation of the country's financial landscape.
Rapid Expansion of BNPL Services
- Nigeria's BNPL sector is expanding rapidly, driven by increasing consumer demand for flexible payment solutions. Projections estimate that BNPL payments will reach $5.59 billion by 2024, highlighting the sector's role in shaping digital financial transactions. As more consumers seek alternatives to traditional credit, BNPL services are becoming preferred for managing short-term credit needs.
- Several factors contribute to this expansion, with e-commerce growth playing a central role by creating demand for installment-based payment options. Additionally, BNPL services address financial inclusion challenges by offering credit access to individuals without traditional banking relationships. Many consumers also favor BNPL over credit cards due to its transparent fee structures and ease of use, further driving adoption.
- Over the next few years, the expansion will likely intensify competition among BNPL providers, leading to more tailored product offerings and enhanced accessibility. As the sector matures, BNPL services could become a mainstream financial tool, contributing to broader financial inclusion and digital payment adoption across Nigeria.
Integration of BNPL in Various Sectors
- Expanding BNPL services beyond traditional retail into sectors such as transportation and utilities is reshaping Nigeria's financial ecosystem. One notable instance is the Nigerian government's 'convert now, pay later' initiative, which allows vehicle owners to transition from petrol-powered engines to compressed natural gas (CNG) through installment payments. This development demonstrates the increasing role of BNPL in providing financial flexibility for essential services.
- The primary driver of this trend is the need for alternative financing solutions in sectors where upfront costs can be a barrier to adoption. By offering installment-based payments, BNPL providers make significant expenses, such as vehicle conversions, more accessible to a broader population. This approach also aligns with broader financial inclusion efforts, ensuring that consumers with limited access to traditional credit can still participate in key economic and environmental initiatives.
- Over the next few years, integrating BNPL into diverse sectors will accelerate the shift toward digital payment adoption. As more consumers become comfortable using BNPL for everyday expenses, the financial ecosystem will likely become more inclusive, reducing dependence on cash transactions. This expansion could also stimulate consumer spending across multiple industries, further driving economic activity and supporting Nigeria's broader adoption of digital financial services.
Strategic Partnerships Enhancing BNPL Reach
- Strategic partnerships are crucial in expanding BNPL adoption in Nigeria, allowing providers to scale their services more efficiently. Collaborations such as Jumia Nigeria's partnership with Easybuy and CredPal illustrate how BNPL firms integrate their solutions into established e-commerce platforms. These alliances make BNPL more accessible to consumers, increasing adoption and driving digital payment growth.
- The primary motivation behind these partnerships is the ability to tap into existing customer bases and leverage established distribution networks. By working with e-commerce platforms, fintech firms, and financial institutions, BNPL providers can quickly gain market share while offering diverse financing options. This approach accelerates penetration and strengthens the overall BNPL ecosystem, making it a viable alternative to traditional credit.
- Over the next few years, BNPL partnerships will deepen, enhancing visibility and trust in installment-based payment solutions. As more retailers and fintech firms integrate BNPL into their services, consumer adoption will likely grow, reinforcing BNPL as a mainstream payment method. Additionally, these collaborations will foster innovation in credit solutions, leading to more tailored and flexible payment options that cater to Nigeria's evolving financial landscape.
Competitive Landscape and Regulatory Developments in Nigeria's Buy Now, Pay Later (BNPL) Market
Nigeria's BNPL market is expanding rapidly, driven by increased digital adoption, growing e-commerce activity, and rising consumer demand for flexible credit solutions. Key players such as CredPal, Easybuy, and Motito are scaling their operations, while partnerships such as Jumia Nigeria's collaborations with BNPL providers signal a maturing sector. As BNPL services integrate into online and offline retail, they are expected to become a mainstream credit alternative, improving financial access for consumers and small businesses.
Looking ahead, competition in Nigeria's BNPL space is expected to intensify, with established players expanding their offerings and new entrants driving innovation. Regulatory developments, including Central Bank guidelines for non-interest digital banks and tax incentives for fintech firms, will further shape the sector, ensuring sustainable growth. As the market evolves, BNPL services are poised to play a significant role in Nigeria's financial ecosystem, driving financial inclusion and enhancing consumer purchasing power.
Current State of the BNPL Market
- Nigeria's BNPL market is expanding rapidly, fueled by the increasing adoption of e-commerce and the rising demand for flexible payment solutions. Consumers seek alternative credit options that provide greater financial flexibility, leading to the widespread adoption of BNPL services.
- BNPL is set to become an integral part of Nigeria's financial landscape. As more consumers and businesses embrace installment-based payment models, BNPL providers will likely expand their offerings and partnerships to meet evolving market demands. This growth trajectory positions BNPL as a key driver of financial inclusion and digital credit accessibility in the country.
Key Players and New Entrants
- CredPal: A Nigerian BNPL startup, CredPal has expanded its offerings. Customers can pay within 30 days with 0% interest or spread payments over 2 to 6 months. This flexibility is available to both online and in-store shoppers, and additional benefits such as discounts and cashback are also available.
- Easybuy: Partnering with Jumia Nigeria, Easybuy offers BNPL options on Jumia's platform, aiming to attract more consumers to BNPL services.
- Motito: Based in Ghana, Motito launched its "Pay later" option, focusing on simplifying consumer hire purchases. This service is aimed at African startups and makes it easier to purchase essential goods.
Recent Launches, Mergers, and Acquisitions
- Recent developments in Nigeria's BNPL market highlight a strategic push toward expanding service accessibility. Kueski's introduction of an in-store payment option using QR codes represents a shift toward omnichannel BNPL adoption, allowing consumers to use installment-based payments in physical retail settings. This move enhances BNPL's reach beyond e-commerce, catering to a wider audience still prefers in-person shopping experiences.
- Similarly, the Shein-Stori partnership has resulted in the launch of a co-branded credit card, signaling growing collaboration between fintechs and retailers. This initiative broadens BNPL accessibility, attracting a diverse customer base by integrating installment financing directly into Shein's ecosystem. These recent launches reflect the increasing competition and innovation in Nigeria's BNPL sector, which is expected to continue evolving in response to consumer demand.
Outlook
- Nigeria's BNPL market is poised for significant expansion over the next few years, with increased competition among existing players and new entrants. As providers look to differentiate themselves, strategic partnerships and technological advancements will become key growth drivers.
- With more companies investing in BNPL solutions, the industry will likely see further integration across online and offline retail environments. Innovations in digital payments and credit assessment models will enhance accessibility, attracting a broader consumer base. As the market matures, regulatory developments will also play a crucial role in shaping its trajectory, ensuring sustainable growth while addressing potential risks associated with alternative credit solutions.
Regulatory Changes
- Recent regulatory changes in Nigeria aim to expand financial inclusion and encourage growth in the fintech sector. In March 2024, the Central Bank of Nigeria introduced guidelines for non-interest digital banks, creating a framework for Shariah-compliant financial services. These regulations are expected to attract new market players, providing consumers with ethical financing alternatives and increasing access to digital credit solutions.
- The Nigerian government has also implemented tax incentives to support fintech companies in the alternative lending space. Reduced corporate tax rates and investment tax credits for financial technology infrastructure aim to drive market expansion and enhance credit accessibility for individuals and small businesses. These regulatory developments will likely foster innovation in BNPL and other digital lending models, further strengthening Nigeria's financial ecosystem.
1 About this Report
1.1 Summary
1.2 Methodology
1.3 BNPL Definitions
1.4 Disclaimer
2 Nigeria Buy Now Pay Later Industry Attractiveness
2.1 Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis, 2021-2030
2.2 Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis, 2021-2030
2.3 Nigeria Buy Now Pay Later-Transaction Volume Trend Analysis, 2021-2030
2.4 Nigeria Buy Now Pay Later Market Share Analysis by Key Players, 2024
3 Nigeria Buy Now Pay Later Operational KPIs
3.1 Buy Now Pay Later Revenues, 2021-2030
3.2 Buy Now Pay Later Share by Revenue Segments, 2021-2030
3.2.1 Buy Now Pay Later Revenue by Merchant Commission, 2021-2030
3.2.2 Buy Now Pay Later Revenue by Missed Payment Fee Revenue, 2021-2030
3.2.3 Buy Now Pay Later Revenue by Pay Now & Other Income, 2021-2030
3.3 Buy Now Pay Later Active Consumer Base, 2021-2030
3.4 Buy Now Pay Later Bad Debt, 2021 - 2024 - 2030
4 Buy Now Pay Later Spend Analysis by Business Model, 2021-2030
4.1 Buy Now Pay Later Two-Party Business Model, 2021-2030
4.2 Buy Now Pay Later Three-Party Business Model, 2021-2030
5 Buy Now Pay Later Spend Analysis by Purpose, 2021-2030
5.1 Buy Now Pay Later Convenience, 2021-2030
5.2 Buy Now Pay Later Credit, 2021-2030
6 Buy Now Pay Later Spend Analysis by Functional Attribute, 2021-2030
6.1 Buy Now Pay Later by Open Loop System, 2021-2030
6.2 Buy Now Pay Later by Closed Loop System, 2021-2030
7 Buy Now Pay Later Spend Analysis by Distribution Model, 2021-2030
7.1 Buy Now Pay Later by Standalone, 2021-2030
7.2 Buy Now Pay Later by Banks & Payment Service Providers, 2021-2030
7.3 Buy Now Pay Later by Marketplaces, 2021-2030
8 Nigeria Buy Now Pay Later Spend Analysis by Sales Channel
8.1 Buy Now Pay Later Market Share by Sales Channel, 2021-2030
8.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2021-2030
8.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2021-2030
9 Nigeria Buy Now Pay Later Snapshot by End-Use Sector, 2021-2030
9.1 Buy Now Pay Later Market Share by End-Use Sector, 2024
9.2 Buy Now Pay Later Sales Uplift by End-Use Segment, 2024
10 Nigeria Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2021-2030
10.1 Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis, 2021-2030
10.2 Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis, 2021-2030
10.3 Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis, 2021-2030
11 Nigeria Buy Now Pay Later Market Size and Forecast by Retail Product Categories
11.1 Buy Now Pay Later Share by Retail Product Category, 2024
11.2 Nigeria Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis, 2021-2030
11.3 Nigeria Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis, 2021-2030
11.5 Nigeria Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis, 2021-2030
11.6 Nigeria Buy Now Pay Later Retail Shopping - Jewellery - Gross Merchandise Value Trend Analysis, 2021-2030
11.7 Nigeria Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis, 2021-2030
11.8 Nigeria Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis, 2021-2030
11.9 Nigeria Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis, 2021-2030
12 Nigeria Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2021-2030
12.1 Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis, 2021-2030
12.2 Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis, 2021-2030
12.3 Nigeria Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis, 2021-2030
13 Nigeria Buy Now Pay Later in Travel: Market Size and Forecast, 2021-2030
13.1 Nigeria Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis, 2021-2030
13.2 Nigeria Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis, 2021-2030
13.3 Nigeria Buy Now Pay Later Travel - Transaction Volume Trend Analysis, 2021-2030
14 Nigeria Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2021-2030
14.1 Nigeria Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis, 2021-2030
14.2 Nigeria Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis, 2021-2030
14.3 Nigeria Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis, 2021-2030
15 Nigeria Buy Now Pay Later in Service: Market Size and Forecast, 2021-2030
15.1 Nigeria Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis, 2021-2030
15.2 Nigeria Buy Now Pay Later Service - Average Value Per Transaction Trend Analysis, 2021-2030
15.3 Nigeria Buy Now Pay Later Service - Transaction Volume Trend Analysis, 2021-2030
16 Nigeria Buy Now Pay Later in Automotive: Market Size and Forecast, 2021-2030
16.1 Nigeria Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis, 2021-2030
16.2 Nigeria Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis, 2021-2030
16.3 Nigeria Buy Now Pay Later Automotive - Transaction Volume Trend Analysis, 2021-2030
17 Nigeria Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2021-2030
17.1 Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis, 2021-2030
17.2 Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis, 2021-2030
17.3 Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis, 2021-2030
18 Nigeria Buy Now Pay Later in Others: Market Size and Forecast, 2021-2030
18.1 Nigeria Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis, 2021-2030
18.2 Nigeria Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis, 2021-2030
18.3 Nigeria Buy Now Pay Later Others - Transaction Volume Trend Analysis, 2021-2030
19 Nigeria Buy Now Pay Later Analysis by Consumer Attitude and Behaviour, 2021-2030
19.1 Buy Now Pay Later Spend Share by Age Group, 2024
19.1.1 Nigeria Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.2 Nigeria Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.3 Nigeria Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.4 Nigeria Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis, 2021-2030
19.2 Buy Now Pay Later Spend Share by Default Rate by Age Group, 2024
19.3 Buy Now Pay Later Share by Income, 2024
19.3.1 Nigeria Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis, 2021-2030
19.3.2 Nigeria Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis, 2021-2030
19.3.3 Nigeria Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis, 2021-2030
19.4 Buy Now Pay Later Gross Merchandise Value Share by Gender, 2024
19.5 Buy Now Pay Later Adoption Rationale, 2024
19.6 Nigeria Buy Now Pay Later Market - Spend by Monthly Expense Segments, 2024
20 Further Reading
20.1 About PayNXT360
20.2 Related Research
Table 1: Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 2: Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 3: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 4: Nigeria Buy Now Pay Later - Revenues (US$ Million), 2021-2030
Table 5: Nigeria Buy Now Pay Later - Merchant Commission (US$ Million), 2021-2030
Table 6: Nigeria Buy Now Pay Later - Missed Payment Fee Revenue (US$ Million), 2021-2030
Table 7: Nigeria Buy Now Pay Later Pay Now - Other Income (US$ Million), 2021-2030
Table 8: Nigeria Buy Now Pay Later - Active Consumer Base (Thousand), 2021-2030
Table 9: Nigeria Buy Now Pay Later - Bad Debt (US$ Million), 2022-2024-2030
Table 10: Nigeria Buy Now Pay Later - Two-Party Business Model (US$ Million), 2021-2030
Table 11: Nigeria Buy Now Pay Later - Three-Party Business Model (US$ Million), 2021-2030
Table 12: Nigeria Buy Now Pay Later - Convenience (US$ Million), 2021-2030
Table 13: Nigeria Buy Now Pay Later - Credit (US$ Million), 2021-2030
Table 14: Nigeria Buy Now Pay Later - Open Loop System (US$ Million), 2021-2030
Table 15: Nigeria Buy Now Pay Later - Closed Loop System (US$ Million), 2021-2030
Table 16: Nigeria Buy Now Pay Later - Standalone (US$ Million), 2021-2030
Table 17: Nigeria Buy Now Pay Later - Banks & Payment Service Providers (US$ Million), 2021-2030
Table 18: Nigeria Buy Now Pay Later - Marketplaces (US$ Million), 2021-2030
Table 19: Nigeria Buy Now Pay Later - Gross Merchandise Value by Online Channel (US$ Million), 2021-2030
Table 20: Nigeria Buy Now Pay Later - Gross Merchandise Value by POS Channel (US$ Million), 2021-2030
Table 21: Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 22: Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 23: Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 24: Nigeria Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 25: Nigeria Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 26: Nigeria Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 27: Nigeria Buy Now Pay Later Retail Shopping - Jewellery - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 28: Nigeria Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 29: Nigeria Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 30: Nigeria Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 31: Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 32: Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 33: Nigeria Buy Now Pay Later Retail Shopping Home Improvement - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 34: Nigeria Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 35: Nigeria Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 36: Nigeria Buy Now Pay Later Travel - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 37: Nigeria Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 38: Nigeria Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 39: Nigeria Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 40: Nigeria Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 41: Nigeria Buy Now Pay Later Service- Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 42: Nigeria Buy Now Pay Later Service - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 43: Nigeria Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 44: Nigeria Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 45: Nigeria Buy Now Pay Later Automotive - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 46: Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 47: Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 48: Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 49: Nigeria Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 50: Nigeria Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 51: Nigeria Buy Now Pay Later Others - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 52: Nigeria Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 53: Nigeria Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 54: Nigeria Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 55: Nigeria Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 56: Nigeria Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 57: Nigeria Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 58: Nigeria Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 1: PayNXT360's Methodology Framework
Figure 2: Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 3: Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 4: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 5: Nigeria Buy Now Pay Later - Market Share Analysis by Key Players (by Value), 2024
Figure 6: Nigeria Buy Now Pay Later - Revenues (US$ Million), 2021-2030
Figure 7: Buy Now Pay Later Share - Revenue Segments (%), 2021-2030
Figure 8: Nigeria Buy Now Pay Later - Merchant Commission (US$ Million), 2021-2030
Figure 9: Nigeria Buy Now Pay Later - Missed Payment Fee Revenue (US$ Million), 2021-2030
Figure 10: Nigeria Buy Now Pay Later Pay Now - Other Income (US$ Million), 2021-2030
Figure 11: Nigeria Buy Now Pay Later - Active Consumer Base (Thousand), 2021-2030
Figure 12: Nigeria Buy Now Pay Later - Bad Debt (US$ Million), 2021-2024-2030
Figure 13: Nigeria Buy Now Pay Later Spend Analysis by Business Model (%), 2021-2030
Figure 14: Nigeria Buy Now Pay Later - Two-Party Business Model (US$ Million), 2021-2030
Figure 15: Nigeria Buy Now Pay Later - Three-Party Business Model (US$ Million), 2021-2030
Figure 16: Nigeria Buy Now Pay Later Spend Analysis by Purpose (%), 2021-2030
Figure 17: Nigeria Buy Now Pay Later - Convenience (US$ Million), 2021-2030
Figure 18: Nigeria Buy Now Pay Later - Credit (US$ Million), 2021-2030
Figure 19: Nigeria Buy Now Pay Later Spend Analysis by Functional Attribute (%), 2021-2030
Figure 20: Nigeria Buy Now Pay Later - Open Loop System (US$ Million), 2021-2030
Figure 21: Nigeria Buy Now Pay Later - Closed Loop System (US$ Million), 2021-2030
Figure 22: Nigeria Buy Now Pay Later Spend Analysis by Distribution Model (%), 2021-2030
Figure 23: Nigeria Buy Now Pay Later - Standalone (US$ Million), 2021-2030
Figure 24: Nigeria Buy Now Pay Later - Banks & Payment Service Providers (US$ Million), 2021-2030
Figure 25: Nigeria Buy Now Pay Later - Marketplaces (US$ Million), 2021-2030
Figure 26: Nigeria Buy Now Pay Later - Gross Merchandise Value Market Share by Sales Channel (%), 2021-2030
Figure 27: Nigeria Buy Now Pay Later - Gross Merchandise Value by Online Channel (US$ Million), 2021-2030
Figure 28: Nigeria Buy Now Pay Later - Gross Merchandise Value by POS Channel (US$ Million), 2021-2030
Figure 29: Nigeria Buy Now Pay Later - Market Share by End-Use Sector (%), 2024
Figure 30: Nigeria Buy Now Pay Later - Market Share by End-Use Segment (%), 2024
Figure 31: Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 32: Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 33: Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 34: Nigeria Buy Now Pay Later - Market Share by Retail Product Category (%), 2024
Figure 35: Nigeria Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 36: Nigeria Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 37: Nigeria Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 38: Nigeria Buy Now Pay Later Retail Shopping - Jewellery- Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 39: Nigeria Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 40: Nigeria Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 41: Nigeria Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 42: Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 43: Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 44: Nigeria Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 45: Nigeria Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 46: Nigeria Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 47: Nigeria Buy Now Pay Later Travel - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 48: Nigeria Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 49: Nigeria Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 50: Nigeria Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 51: Nigeria Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 52: Nigeria Buy Now Pay Later Service - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 53: Nigeria Buy Now Pay Later Service - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 54: Nigeria Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 55: Nigeria Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 56: Nigeria Buy Now Pay Later Automotive - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 57: Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 58: Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 59: Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 60: Nigeria Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 61: Nigeria Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 62: Nigeria Buy Now Pay Later Others - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 63: Nigeria Buy Now Pay Later - Share by Age Group in Value Terms (%), 2024
Figure 64: Nigeria Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 65: Nigeria Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 66: Nigeria Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 67: Nigeria Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 68: Nigeria Buy Now Pay Later - Share by Default Rate by Age Group in Value Terms (%), 2024
Figure 69: Nigeria Buy Now Pay Later - Share by Income Group in Value Terms (%), 2024
Figure 70: Nigeria Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 71: Nigeria Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 72: Nigeria Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 73: Nigeria Buy Now Pay Later - Share by Gender in Value Terms (%), 2024
Figure 74: Buy Now Pay Later - Adoption Rationale by Value, 2024
Figure 75: Nigeria Buy Now Pay Later - Monthly Expense Segments, 2024
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Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
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- Sample Pages
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security