Interswitch Reaffirms Interest in Fostering Deeper Ties Financial Ecosystem

By Modupe Gbadeyanka

The leading digital payments company in Nigeria, Interswitch, has reaffirmed its interest in fostering deeper collaboration between banks and financial technology (fintech) firms within the financial ecosystem by agreeing to be the premium sponsor of the 2022 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled for Friday, December 2, 2022, in Lagos.

The annual event, which has enjoyed keen support from the technology giant, has over the years come to be regarded as the point of convergence for stakeholders representing the different sectors of the Nigerian Payment Industry (NPI).

With the theme, Leveraging Ecosystem Synergy to Combat Fraud, the 2022 conference is tailored to emphasise the need for and importance of Payments Ecosystem Players (PEP) to collaborate to win the fight against electronic payment fraud.

“At Interswitch, we remain committed to supporting and partnering with platforms that share our vision to drive a greater, more financially inclusive ecosystem in Nigeria and on the African continent at large.

“Platforms such as the CeBIH conference provide Interswitch and other industry players the opportunity to engage with key stakeholders and collaborators from the financial system with a view to improving our offerings to our customers amid market demands, global trends, and insights from the operating environment,” the Managing Director, Payment Processing and Switching (Interswitch Purepay), Mr Akeem Lawal, said.

He described the conference as an enabler of the growth and improvement of Nigeria’s payment ecosystem, where industry players identify prevalent challenges in the financial ecosystem, provide innovative solutions hinged on current trends, and make quantifiable projections for the future.

Interswitch, as a key industry stakeholder, will be instrumental in spearheading these discussions, especially with its recent efforts around the innovative solutions it provides to curb fraud associated with e-payment.

The digital commerce organisation has continued to blaze the trail in its role as a major partner of the committee and its retreat since 2016.

The CeBIH Retreat, now in its tenth year, attracts key stakeholders from across the various sectors in Nigeria’s payment industry, serving as an avenue for dialogue among industry players.