NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Saturday, December 10, 2016

Nigeria is still struggling with low adoption and highly fragmented agency networks and both are conspiring to hobble the growth of the industry.

Also, the country may not enjoy the benefits of reduced cost of Mobile Money international remittances because Nigerians are yet to embrace the culture of sending international remittances with mobile money.

Global System for Mobile Association (GSMA) recently discovered that the cost of sending international remittances with mobile money is, on average, more than 50 per cent less expensive than using global money transfer operators (MTOs).