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e-Payment: Nigeria yet to explore 70% market potential, says eTranzact

eTransact has disclosed that about 70 per cent of the country’ e-payment market potential is yet to be explored. The Chief Executive Officer (CEO), eTranzact…

eTransact has disclosed that about 70 per cent of the country’ e-payment market potential is yet to be explored.
The Chief Executive Officer (CEO), eTranzact International Plc, Valentine Obi, who stated this also, explained that electronic payment transaction indices in the country have not exceeded 30 per cent of the real potential of the country in terms of its population and turnover of transactions.
Recently speaking at a conference unveiling the new brand identity of the company, Obi identified the need to leverage on mobile gadgets to better drive Nigeria as fully fledged cashless economy.
Noting that as only 20 per cent of Nigeria’s 186 million people have traditional bank accounts, over 80 per cent of them are active on mobile devices which, according to him, should be transformed into mobile wallet accounts and electronic payment and transaction channels using.

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