The CashlessAfrica Conference and Expo is a platform for
technology companies, FinTech’s and other financial institutions to come
together and share best practices in order to build a strong economy in Nigeria,
reports ITRealms.
Acclaimed digital payment solutions provider, Mastercard is partnering Mobile Money as
the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo, organised
by Mobile Money Africa and scheduled for March 22 to 23, this year, at the
Oriental Hotel, Lekki in Lagos.
ITRealms reports
that the CashlessAfrica Conference and Expo serves as a platform for technology
companies, FinTech’s and other financial institutions to come together and
share best practices in order to build a strong economy in Nigeria. The event
looks at the importance of rethinking current models and gaining valuable
market insight to introduce relevant digital payment solutions to the benefit
of all people.
The Vice President and Area Business Head of West Africa, Mastercard,
Omokehinde Adebanjo, said that with over 85 per cent of retail transactions
still made in cash and cheques, the potential for digital payments to make a tangible
difference is immense.
This year, she said, Mastercard would participate as a
keynote speaker to discuss matters impacting Nigeria and the broader continent
and how partnerships will be critical to shifting economies beyond cash.
“Partnerships across multiple sectors and stakeholders is a
fundamental component to ensuring cash is driven out of the system and that
smart innovative, and financially inclusive, solutions are introduced,” said
Adebanjo.
Principal Associate of Mobile Money Africa, Emmanuel
Okoegwale said, “Our partnership with Mastercard is a demonstration of the
technology company’s commitment to seeking better ways of promoting a cashless
culture across here in Nigeria and globally.”
Okoegwale further stated that conference discussions will
focus on carefully selected topics such as “The digital bank and its evolution
in a competitive market; The future of banking, money and payments in Africa; Disruptive
technologies and their impact on financial services in Africa; Balancing
regulation against innovation; Remittances in the digital age; Fintechs and
Banks: Collaboration or Competition? And protecting the customer in a digitized
economy.”
Chuks Egbune/GEE
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