Business

Interswitch plots to reshape financial services in Africa

Interswitch, an integrated digital payments and commerce companies, has successfully concluded the fourth edition of its TechConnect series, marking the culmination of an impactful journey across five major Nigerian cities of Enugu, Asaba, Abuja, Ibadan, and Lagos.

The grand finale held in Lagos epitomised Interswitch’s commitment to shaping the future of financial services in Africa.

The series has served as a powerful platform for advancing high-level discussions on technology, innovation, and financial inclusion, fostering collaboration across the financial services ecosystem.

In his keynote address, the Managing Director, Payment Processing & Switching, Interswitch Purepay, Akeem Lawal, highlighted the transformative potential of digital payment solutions in Nigeria.

He said: “At Interswitch, we are deeply committed to financial inclusion, recognising that digital payment solutions are pivotal in expanding access to underserved populations. By enabling broader participation in the economy, we believe we can create a rising tide that lifts all boats, empowering individuals, businesses, and financial institutions alike.”

“Our vision is simple yet profound: to power a seamless, connected payment ecosystem across Africa, turning challenges in the payments landscape into opportunities for economic growth and shared prosperity,”said Lawal.

The Lagos finale featured a dynamic fireside chat themed ‘Regulating New Technologies: Strategies for Innovation and Compliance, Harmonising Regulatory Frameworks and Risk-Based Approaches’. The speakers emphasised the critical role of collaboration between regulators and industry players in navigating the rapidly evolving technology landscape. They also highlighted the importance of designing regulatory frameworks that balance innovation with compliance to create a sustainable fintech ecosystem.

A special highlight of the event was the presentation of awards by Interswitch to Zenith Bank, Access Bank, First Bank, UBA, and Fidelity Bank in recognition of their exceptional performance and significant contributions to the financial ecosystem.

Moniepoint, Opay, Paystack, VFD Microfinance Bank, Lapo Microfinance Bank, and several others were also honoured for their impactful roles in advancing the sector.

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