Moniepoint study on Nigeria food service

Moniepoint Inc., a Nigerian fintech company, published a study on Nigeria's food service industry, revealing it reached $11.09 billion in 2025 and is projected to grow to $19.31 billion by 2030 at an annual rate of 11.73%. The report highlights how digital payment infrastructure, including instant settlement, automated confirmation, and transaction-based lending, has transformed the sector from cash-dependent operations. Moniepoint Inc.'s interventions drove a 2,823% increase in quick-service restaurant terminal usage. The study also notes that women own 86.8% of food service businesses, and the MSME financing gap is $32.2 billion according to the International Finance Corporation. Moniepoint Inc.'s acquisition of Orda and tools like Moniebook are integrating payments with inventory and procurement.