Nigeria's active young population that is increasingly technology savvy is setting it up to rapidly play in the deep end of the contactless payment revolution now seen to be racing to $10 trillion in transaction value in the next five years to 2027.
According to a new study, contactless payments, the system which uses near-field communication for making secure payments, will reach some $10 trillion globally in the next five years to 2027, up from $4.6 trillion this 2022, Juniper Research found for
the study.