Long way to go people….I am dropping it from 98% to 96%, modelling a 2% improvement over two years. Will like to know if you have alternative insights on this for Nigeria. There is nothing new anywhere, including in the World Cash Report.
If you clicked the Paystack post, the secondary source for that $301B is here .
That would take you to the primary source, Mastercard.com, where it notes “According to research done by The Fletcher School and Mastercard Center for Inclusive Growth, of the $301 billion of funds flows from consumers to businesses in Nigeria, 98 percent is still based on cash.”
If you have a problem with the $301b, refer to Mastercard and Fletcher School for explanation. Both are very credible for me to quote them. I know many do not believe we are still 98% offline as at Feb 2018. Perhaps, the $301B is big: I doubt that if you check Nigeria’s GDP which partly tracks that.
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