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Nigeria Credit Cards Usage Analytics: 2009 to 2019

Published: Jul 9, 2016 | Pages: 32 | Publisher: Verdict Financial | Industry: Financial Services | Report Format: Electronic (PDF)

Summary
Nigeria Credit Cards Usage Analytics: 2009 to 2019; is an exhaustive research report outlaying Credit Cards usage in Nigeria. The report provides year on year statistics on Number of Cards issued, Average Balance, Average Transaction value, Outstanding Balance, Frequency of use, Turnover, Value and Number of Transactions for the period 2009 to 2019.

Key Findings
Verdict Financial considers Credit Card as a revolving payment card providing consumers with access to a line of credit. Consumers make payments using their card and receive a bill at the end of the billing cycle. The card issuer usually demands a minimum payment against the outstanding balance, but beyond this the customer can choose how much of the bill he wishes to repay, up to and including 100% of the balance outstanding. Any balances that are not repaid within the interest-free period offered by the card incur interest at the rate advertised by the card issuer. A revolving credit card may or may not be linked to a customer's bank account.

The report "Nigeria Credit Cards Usage Analytics: 2009 to 2019" is the result of Verdict Financial's extensive market research covering the cards and payments industry in Nigeria. It provides detailed historic and forecast statistics on credit cards usage along with all related parameters like Outstanding's, Average Transactions value and Number of Transactions, Turnover per card and many more. 

Verdict Financial's "Nigeria Credit Cards Usage Analytics: 2009 to 2019" report acts as an essential tool for companies active across the Nigerian cards and payments value chain and for new players considering entering the market.  The comprehensive statistics within the report provides insight into the operating environment of Credit Cards in Nigeria and also ensures right business decision making based on historical trends and industry model based forecasting.

*This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase.

Synopsis
"Nigeria Credit Cards Usage Analytics: 2009 to 2019" provides the readers with historic and forecast statistics for credit cards usage in Nigeria for the period 2009 through to 2019

In particular, it provides the following statistics: 
- Credit Cards Issued
- Average balance per card
- Average transaction value
- Balances outstanding
- Frequency of use
- Number of transactions
- Turnover per card
- Value of transactions

Reasons To Buy
- Enhance your knowledge on credit card usage in Nigeria.

- Understand how the credit card market in Nigeria has performed in the historic period including quantitative data for transactions, value of transactions, cards in use and balances per card.

- Plan future business strategies utilizing the industry model based forecasts.
 Table of Contents
1 Introduction 1.1 Definitions 1.2 Methodology 1.2.1 Research Methodology 1.2.2 Forecast Methodology 2 Cards in Issue 2.1 Cards in Issue (Thousands): 2009 - 2014 2.2 Cards in issue (Thousands): 2015 - 2019 3 Frequency of use 3.1 Frequency of Use (Tx/card/year): 2009 - 2014 3.2 Frequency of Use (Tx/card/year): 2015 - 2019 4 Number of Transactions 4.1 Number of Transactions (Millions): 2009 - 2014 4.2 Number of transactions (Millions): 2015 - 2019 5 Average Transaction Value 5.1 Average Transaction Value (LCU): 2009 - 2014 5.2 Average Transaction Value (LCU): 2015 - 2019 5.3 Average Transaction Value (US$): 2009 - 2014 5.4 Average Transaction Value (US$): 2015 - 2019 6 Value of Transactions 6.1 Value of Transactions (*LCU m): 2009 - 2014 6.2 Value of Transactions (LCU m): 2015 - 2019 6.3 Value of Transactions (US$ m): 2009 - 2014 6.4 Value of Transactions (US$): 2015 - 2019 7 Turnover per card 7.1 Turnover per card (LCU): 2009 - 2014 7.2 Turnover per card (LCU): 2015 - 2019 7.3 Turnover per card (US$): 2009 - 2014 7.4 Turnover per card (US$): 2015 - 2019 8 Balances Outstanding 8.1 Balances Outstanding (LCU m): 2009 - 2014 8.2 Balances Outstanding (US$ m): 2009 - 2014 9 Average Balance per Card 9.1 Average Balance per Card (LCU), 2009 - 2014 9.2 Average Balance per Card (US$): 2009 - 2014 10 Appendix 10.1 About Verdict Financial 10.2 Disclaimer *LCU Stands for "Local Currency Unit"
List of Tables
Table 1: Cards in issue (Thousands): 2009 - 2014 Table 2: Cards in issue (Thousands): 2015 - 2019 Table 3: Frequency of Use (Tx/card/year): 2009 - 2014 Table 4: Frequency of Use (Tx/card/year): 2015 - 2019 Table 5: Number of transactions (Millions): 2009 - 2014 Table 6: Number of transactions (Millions): 2015 - 2019 Table 7: Average Transaction Value (LCU): 2009 - 2014 Table 8: Average Transaction Value (LCU): 2015 - 2019 Table 9: Average Transaction Value (US$): 2009 - 2014 Table 10: Average Transaction Value (US$): 2015 - 2019 Table 11: Value of Transactions (LCU m): 2009 - 2014 Table 12: Value of Transactions (LCU m): 2015 - 2019 Table 13: Value of Transactions (US$ m): 2009 - 2014 Table 14: Value of Transactions (US$ m): 2015 - 2019 Table 15: Turnover per card (LCU): 2009 - 2014 Table 16: Turnover per card (LCU): 2015 - 2019 Table 17: Turnover per card (US$): 2009 - 2014 Table 18: Turnover per card (US$): 2015 - 2019 Table 19: Balances Outstanding (LCU m): 2009 - 2014 Table 20: Balances Outstanding (US$ m): 2009 - 2014 Table 21: Average Balance per Card (LCU): 2009 - 2014 Table 22: Average Balance per Card (US$): 2009 - 2014


List of Figures
Figure 1: Cards in issue (Thousands): 2009 - 2014 Figure 2: Cards in issue (Thousands): 2015 - 2019 Figure 3: Frequency of Use (Tx/card/year): 2009 - 2014 Figure 4: Frequency of Use (Tx/card/year): 2015 - 2019 Figure 5: Number of transactions (Millions): 2009 - 2014 Figure 6: Number of transactions (Millions): 2015 - 2019 Figure 7: Average Transaction Value (LCU): 2009 - 2014 Figure 8: Average Transaction Value(LCU): 2015 - 2019 Figure 9: Average Transaction Value (US$): 2009 - 2014 Figure 10: Average Transaction Value (US$): 2015 - 2019 Figure 11: Value of Transactions (LCU m): 2009 - 2014 Figure 12: Value of Transactions (LCU): 2015 - 2019 Figure 13: Value of Transactions (US$ m): 2009 - 2014 Figure 14: Value of Transactions (US$ m): 2015 - 2019 Figure 15: Turnover per card (LCU): 2009 - 2014 Figure 16: Turnover per card (LCU): 2015 - 2019 Figure 17: Turnover per card (US$): 2009 - 2014 Figure 18: Turnover per card (US$): 2015 - 2019 Figure 19: Balances Outstanding (LCU m): 2009 - 2014 Figure 20: Balances Outstanding (US$ m): 2009 - 2014 Figure 21: Average Balance per Card (LCU): 2009 - 2014 Figure 22: Average Balance per Card (US$): 2009 - 2014

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