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Moniepoint’s report reveals digital payments are revolutionising Nigeria’s $11.09 billion food service sectorIndustry expected to grow to $19.31 billion by 2030, driven by modern restaurants and delivery platformsWomen-owned businesses benefit from transaction-based lending, bridging the MSME financing gap in food services
A new industry case study by Moniepoint Inc. has revealed how digital payment infrastructure is transforming Nigeria’s food service sector, helping businesses overcome longstanding operational challenges while powering an industry now valued at $11.09 billion.
According to the report, Nigeria’s food service market has evolved from a predominantly cash-driven business into a digitally enabled ecosystem supported by instant payments, automated transaction verification, inventory management and data-driven access to credit.
Moniepoint powers Nigeria’s food industry with cutting-edge payment solutions Credit: MoniepointSource: Facebook
The study projects that the sector will continue its rapid expansion, growing to $19.31 billion by 2030 at an annual growth rate of 11.73%, driven by the rise of food delivery platforms,
