In light of advancements in global
payment systems, Africa’s leading integrated payments and digital commerce
company, Interswitch, has been confirmed as a gold sponsor of the Future of
Payments and Fraud Conference slated to hold on Thursday, May 12, 2022.
Interswitch’s
sponsorship of the conference stems from its focus on facilitating
conversations around critical challenges facing digital payment in Africa, and
aligning with platforms that proffer solutions and opportunities to tackle
these challenges.
As a foremost
player in Nigeria’s payment space, Interswitch continues to set the pace within
the industry in solving payment issues by creating innovative products and
features that provide a smooth, convenient, and easy experience.
The event is
organised by BusinessDay Media Limited with stakeholders and experts across
industries such as fintech, banking, law enforcement, among others, scheduled
to be in audience. Discussions will be centered on the evolution of payment
technology, as speakers will reflect on existing payment trends and attendant
fraud issues, while also deliberating on relevant solutions.
Commenting on
the sponsorship, Akeem Lawal, Managing Director, Payment Processing &
Switching (Interswitch Purepay), noted that the conference was a crucial one,
as it encouraged collaboration among institutions in the public and private
sector to fight the growing level of fraud in the digital payment space.
According to him
“For the growth and development of the payments ecosystem, it is essential
that conferences such as this are organised as a way of encouraging players to
develop solutions that tackle current challenges. This informed Interswitch’s
decision to actively support the conference being organized by BusinessDay
Media.
“Over the
years, we have witnessed an evolution within the payment space; from a
cash-based system to the card-based payment system that has, itself, undergone
various stages of evolution. Interswitch is excited about the future of
payments as we continue to push the boundaries of technology to deliver
cutting-edge solutions.”
Representatives
of regulatory bodies, anti-fraud agencies, the Central Bank of Nigeria (CBN),
Nigeria Inter-Bank Settlement System Plc (NIBSS), fintech firms, Association of
Licensed Mobile Payment Operators of Nigeria and the Economic and Financial
Crimes Commission (EFCC), among others, are expected to be present at the
conference.
-Ends-
