Nigeria
Accept Payments in Nigeria with Local Methods & Stablecoins
One integration to accept eWallets, bank transfers, cards, and stablecoins all in one place. Send and receive money your way, with the flexibility to choose what works best.
Nigeria is a massive, fast-growing digital economy
Nigeria is Africa's largest fintech market, with bank transfers and mobile money driving financial inclusion
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Population
Most populous country in Africa
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E-commerce volume
Annual GMV in 2025
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Internet users
46% internet penetration rate
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Online shoppers
Growing 20% YoY
What are payment method trends in
Nigeria
Discover variety of payment options in Nigeria
Wallets
Money that lives in the app
Bank Transfer
Move money directly from bank to bank
QR
One scan, any bank, any wallet
Mobile Money
Financial access through mobile networks
Frequently Asked Questions
What is Nigerian naira (NGN)?
Nigerian naira (NGN) is the official currency used in Nigeria. It is commonly used for domestic payments, business transactions, and cross-border transfers.
How can businesses send money in Nigerian naira with TransFi?
Businesses can send NGN through TransFi using local payment methods, bank transfers, or stablecoin-powered settlement, ensuring faster payouts and predictable delivery.
How can businesses receive Nigerian naira payments?
Businesses can collect NGN using local payment methods preferred by customers in Nigeria, improving success rates and customer trust.
How fast are Nigerian naira transactions processed?
Transaction speed depends on the payment method used, but TransFi enables faster settlement through local rails and stablecoin infrastructure, often within minutes.
What payment methods are available for Nigerian naira?
TransFi supports a range of payment methods for NGN, including bank transfers, wallets, real-time payment systems, and other local options based on the market.
Is it safe to transact in Nigerian naira with TransFi?
Yes. TransFi follows global compliance standards, including KYC/KYB, transaction monitoring, and secure infrastructure to ensure safe and reliable payments.
Does TransFi support currency conversion to and from Nigerian naira?
Yes. Businesses can convert NGN to other currencies or stablecoins with transparent pricing and predictable settlement timelines.
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