Mastercard SME Confidence Index: 81% of Nigerian SMEs are confident about the year ahead as growth ambitions build (opens original article in a new tab)

Nigerian SMEs show high confidence in future growth with strong focus on digital payments and financial solutions.

• 81% of Nigerian SMEs are confident about the next 12 months according to the Mastercard SME Confidence Index
• SMEs prioritize digital payments, with 67% using mobile payments and 42% using online payments
• 69% of SMEs seek credit for business expansion and 63% use personal cards for business spending
• Mastercard provides solutions like Tap on Phone and SME-in-a-Box to support digital payments and reduce hardware costs