Annual adoption of cash by consumers, online or offline, in Nigeria 2018-2023
The share of cash transactions at POS (Point-of-Sale) in Nigeria surged by two percentage points between 2018 and 2023. This is according to two different questions asked throughout multiple surveys from Statista's Consumer Insights. The numbers shown here refer to a rolling 12-month share of respondents who indicated they used cash in a brick and mortar shop or whilst shopping online. In 2018, the share of respondents using cash transactions at POS (Point-of-Sale) stood at 74 percent, which increased to 76 percent in 2023. Moreover, the share of respondents paying cash in advance for online transactions went up by four percentage points. On the other hand, during the same period, cash on delivery for online payments fell by 11 percentage points.