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ecommerce in Nigeria – tips for success

Payoneer

. * Only Revenue Generated in Nigeria was Evaluated The rapid growth of ecommerce websites in Nigeria Source: Revenue and projected revenue in billions of USD from 2014 – 2026 In Nigeria, the smartphone segment is expected to generate a revenue of US$9.39 billion in 2023, with a projected annual growth rate of 6.33% (CAGR 2023-2027).

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15 ecommerce statistics every entrepreneur must know

Omnisend

For example, did you know that 85% of consumers abandoned their shopping carts in 2022? Similarly, mobile commerce is on the rise, with more and more consumers using their smartphones and tablets to make purchases. In fact, three-quarters of all ecommerce traffic now comes from mobile devices! trillion by 2026.

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What Exactly Is A Split Payment in Retail?

OrderDynamics

Consumers have many payment options at their disposal. A shopper can use a credit card, prepaid or gift card, debit card, PayPal or mobile wallet for purchases. Add to it a contactless payment fob, bank or non-bank app, credit memo, cryptocurrencies, and let’s not forget cash. It’s about catering to the customers’ needs.