Nigeria’s buy-now- pay-later (BNPL) market is on a growth trajectory, projected to rise from $1.42 billion in 2024 to $2.61 billion by 2030, driven by fintech growth, strategic partnerships, and enabling policies. This will position BNPL as a tool for reshaping Nigeria’s credit landscape and boosting financial inclusion. Analysts believe that with coordinated efforts from fintechs, retailers, regulators, and service providers, BNPL could significantly enhance access to credit for millions of Nigerians while advancing the digital economy.
Nigeria’s buy-now- pay-later (BNPL) market is on a growth trajectory, projected to rise from $1.42 billion in 2024 to $2.61 billion by 2030, driven by fintech growth, strategic partnerships, and enabling policies. This will position BNPL as a tool for reshaping Nigeria’s credit landscape and boosting financial inclusion. Analysts believe that with coordinated efforts from fintechs, retailers, regulators, and service providers, BNPL could significantly enhance access to credit for millions of Nigerians while advancing the digital economy.