Nigeria · Consumer markets
How Nigerians used seven electronic payment channels in 2025
Web payments made up the largest number of electronic retail transactions in the Central Bank’s December 2025 table. Point-of-sale transactions increased from 7.72 billion in the first half of 2025 to 7.94 billion in the second half.
Sources checked
Web and point of sale accounted for 18.28 billion of the roughly 23.64 billion electronic retail transactions in the table.
Web and point of sale led the count
In the second half of 2025, the web channel recorded 10.34 billion transactions. Point of sale recorded 7.94 billion and mobile apps 4.21 billion. Together the three represented about 95% of the 23.64 billion transactions across the seven retail channels. Source 1
Terminal counts and transaction counts move separately
The number of point-of-sale terminals reported at the end of the period rose from 6.25 million in June to 6.54 million in December 2025. The transaction count increased by about 2.8% between the two half-years. A terminal count is a snapshot, while transaction volume measures activity over six months. Source 1
Transaction size changes the picture
Dividing channel values by transaction counts gives an average of roughly ₦19,737 per point-of-sale transaction and ₦67,152 per ATM transaction in the second half of 2025. The averages include all activity within each channel. They give no information on how many transactions clustered around those amounts. Source 1
ATM counts fell as the value rose
ATM volume decreased from 858.8 million to 796.7 million transactions between the two halves of 2025. The nominal amount increased from ₦36.34 trillion to ₦53.50 trillion. Payment volume and value can therefore point in different directions over the same period. Source 1
These are channel counts, not customer counts
A person can make many transactions in a month and can use more than one channel. CBN reports mobile money operators and the interbank real-time gross settlement system separately from these seven retail channels. The series measures payment activity, so estimating the number of users requires a different dataset. Source 1