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 For years, mobile payments failed to take off in Nigeria as they have in countries such
as Kenya, where Safaricom’s M-Pesa money transfers have fostered a culture of cashless payments.
Fear of electronic fraud and Bet9ja slow internet speeds have held Nigerian online consumers back but betting firms say the new,
fast digital payment systems underpinning
their websites are changing attitudes towards online transactions.
"We have seen significant growth in the number of payment solutions that are available. All that is definitely changing the gaming space," said Seun Anibaba,
Where Is Bet9ja Office In Abuja CEO of Lagos State Lotteries Board, gaming
regulator Shop Bet9ja
Old Mobile in Nigeria’s commercial capital. Transactions leapt to 29 million worth 185 billion in 2017 and Highest Bet9ja Winner 2018 in the first quarter
of 2018 there were nearly 10 million worth
61 billion.
With a young population of nearly 190 million, rising mobile phone use
and When Was Bet9ja
Invented falling data costs, Nigeria has long
been seen as a great opportunity for When Does Bet9ja Pay online businesses - once consumers feel comfortable
with electronic payments. Online gambling firms say that is happening, New Bet9ja though reaching the tens of millions of Nigerians without access to banking services remains a challenge for pure online retailers.
British online betting firm Betway opened its first African business in Kenya in 2015, How Bet9ja Ruined My Life followed by Uganda,
Ghana and 46 Million Bet9ja Winner South Africa.
It launched in Nigeria in January. "There is a gradual shift to online now, that is where the industry is going," Betway’s Nigeria manager Lere Awokoya said.
"The growth in the number of fintechs, and the government as an enabler, has helped the business to thrive.
These technological shifts encouraged Betway to start operating in Nigeria," he said.
Betting firms cashing in on the soccer frenzy whipped up by
Nigeria’s participation in the World Cup say they are finding the payment systems created by local startups such as Paystack are proving popular online.
Paystack and another local startup Flutterwave, both founded in 2016, are providing competition for Nigeria’s Interswitch which was set up in 2002 and was the main platform used by
businesses operating in Nigeria. Paystack was set up by two Nigerian computer
science graduates, Shola Akinlade and Ezra Olubi, youtube.com who received early-stage funding
in Silicon Valley’s Y-Combinator programme.
1.3 million from investors including China’s Tencent and
Comcast
Ventures in the United States.
11 million every single month," said Emmanuel Quartey, Paystack’s head of growth. He said an ecosystem of developers had emerged around Paystack, creating software to integrate the platform into websites. "We have seen a growth in that community and they have carried us along," said Quartey. Paystack said it enables payments for a number of betting firms but also a wide range of businesses, from utility services to transport companies to insurer Axa Mansard. Flutterwave, co-founded by Nigerian entrepreneur Iyinoluwa Aboyeji, is also backed by the Y-Combinator programme as well as venture capitalists Greycroft Partners and Green Visor Capital and the Omidyar Network. 10 million last year. Shifts in Nigeria’s payment culture have coincided with the arrival of foreign investors hoping to tap into sports betting.
1 billion a year and is likely to grow faster than in South Africa and Kenya where the business is more developed. NairaBET’s Alabi said its sales were split between shops and online but the ease of electronic payments, cost of running shops and ability for customers to avoid the stigma of gambling in public meant online transactions would grow. But despite advances in digital payments, Kunle Soname - chairman and co-founder of Bet9ja - said it was important to have a shop network, not least because many customers still remain reluctant to spend online. He said the company, with about 60 per cent of Nigeria’s sports betting market, had an extensive network.
Nigerian betting shops often act as social hubs where customers can watch soccer free of charge while placing bets. At a BetKing hall deep inside the bustling Oshodi market in Lagos, dozens of soccer fans gathered to watch Nigeria’s final warm-up game before the World Cup. Richard Onuka, a factory worker who earns 25,000 naira a month, was fixated on a TV screen inside. He said he started gambling three months ago and bets up to 1,000 naira a day. "Since I
have been playing I have not won anything but I believe that one day I
will win," said Onuka.
The best prediction for the match is 1 or 1 over 1.5 for better odd. West Ham is playing at home against Liverpool. Liverpool is favourite to win this game. You can play Liverpool straight win 2 or you bet on goals or GG . Real Madrid is playing at home this weekend to defend their title against Las Palmas. The home side, Real Madrid will surly win the game. 1and over 1.5 because. The best prediction is to play Real Madrid straight win. Barcelona host Sevilla this weekend in laliga game, Barcelona may likely win today match or play draw.
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