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Because the population is so young, they also adapt to new technology quickly. Also, when compared with older adults in the country, young Nigerians tend to have some kind of bank account or banking service, which allows them to make online purchases and exchange money between friends quickly. While many countries in Africa have been slow to accept online gaming, Nigeria has leaped into it, knowing the potential for profit. Betway, a gaming business based in the United Kingdom, is one of the few companies to open up shop in several locations in Africa, such as South Africa and Ghana. One of the reasons Betway chose to operate in Nigeria is because of the government’s openness to online gaming and the availability of online payment systems in the country. Some of the mobile betting sites have not incorporated the cashless payment systems, but they are not seeing the profits that Betway and NairaBET are because of their cashless payment options. Finally, the most important reason why online gambling and payment systems have joined forces for profitability is because the Nigerian national football team made it into the World Cup this summer. The team has an extensive history with the World Cup. It participated in six of the last seven World Cup tournaments . The team has reached the Round of 16 three times, and the last time the team reached it was four years ago, in 2014. Many soccer fanatics feel that this may be Nigeria’s best team in years, and it may see its way through to the quarterfinals.
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