http://ift.tt/eA8V8J By Babajide Komolafe P AYU is intensifying efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016. Manager of PayU Nigeria, Mrs. Juliet Nwanguma, who disclosed this to journalists in Lagos, said: “In order to pursue PayU’s aggressive expansion in the online payment market in Nigeria, we have identified businesses that can benefit from our global expertise across 16 markets where we offer over 250 payment options.” With over 2.3 billion users world-wide, PayU is confident it can help businesses grow their market share and help them to achieve their business objectives. Data recently released by the Nigeria Interbank Settlement System, NIBSS, showed that 5.5 million transactions worth N46.7 billion were generated through online sales in the first quarter of 2017. This is an increase in the quarterly average of 3.5 million transactions worth N33 ...