Research facilities supported by Nigerians for their stay at the hotel

Nigerians pay their hotel rooms in different ways because there are so many payment options available to them. However, the question of a million nairas is one of the payment methods that they often use? Jumia Travel, the leading online travel agency, discusses research facilities funded by Nigerians for their stay at the hotel

Paying at the hotel
Despite the aggressive efforts of the Central Bank from Nigeria to encourage a cashless circulating economy, a good number of Nigerians still prefer to carry cash to pay for their stay at the hotel and other related services. According to the Hospitality Report 2018, 67% of Nigerians pay for their bookings at the hotel. This is not surprising because of the level of confidence that Nigerians have for other payment methods. Many believe that there will be no controversy or back-and-forth if they pay money to the hotel notwithstanding when they book their hotels online or at the hotel.

Mobile Money
The increased penetration of the Internet has boosted the position of mobile money. Since you have a smartphone on the Internet, you can send money through your bank 's mobile app. The ease with which you can transfer money seems to make mobile money an acceptable payment method for Nigerians. Research shows that 19% of Nigerians use this option to pay for their hotel.

Offline Stores
While many e-commerce platforms are online, they are striving to increase their offline footprints by having offline stores. In this case, 10% of Nigerians have booked and paid for their hotel rooms in offline stores.

Credit / Debit Cards
Payment by credit / debit card is the least used by Nigerians to pay for their hotel reservations. According to the 2018 Home Report, only 4% used the card payment option. You may not be surprised because you need to provide your credit card details and PIN to pay for the services, which can easily expose you to hackers and fraudsters. You will be even more vulnerable if the payment interface is not safe and easily penetrable.

The consequence of the low credit / debit card score is that it may take some time before Nigerians reimburse the services. This is why a number of e-commerce sites, including Jumia Travel, still have to settle for paying customers for services in hotels.