Nigeria FinTech Landscape - Impact Assessment

Nigeria FinTech Landscape - Consumer Survey II: OPay and Quickteller are some of the most widely recognized and used FinTech solutions4 Customer awareness on FinTech products is increasing across Nigeria... OPay FinTech awareness % of FinTech users aware of product Usage Percentage, % OPay is the most recognized in Lagos while Quickteller dominates the North and South Lagos¹ % of FinTech users aware of product Usage Percentage, % South2 Usage North³ % of FinTech users Percentage, % % of FinTech users aware of product Usage Percentage, % 48% P OPay 13 30% POPay 88 47% P OPay 53 53 aware of product 22 22 55% 40 Quickteller 78 69% 62% 15 70% Quickteller Quickteller Quickteller paga 63 24% your cash, anywhere, anytime paga your cash, anywhere, anytime piggyvest 49 42% piggyvest 33 23 23 82% 15 37 16% 10 47% paga paga 30% your cash, anywhere, anytime your cash, anywhere, anytime 7 46% piggyvest 30% piggyvest 36% 1. Mainland, VI, Lekki, Ikoyi, Yaba, Tejuosho markey, Unilag, 2. Abia 3. Abuja, Kano, Maiduguri, Jos, Kaduna 4. Out of 19 FinTech - OPay, Paga, Quickteller, Palmpay, Barter, Wallets, Carbon, Branch, Renmoney, Kwikcash, Lidya, Cowrywise, Piggyvest, Flutterwave, Wealth.ng, Chaka, Bamboo, Trove Source: Customer interview and survey (n=215), Nigeria - 49% females and 51% males EFINA 51

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