Interswitch Group, a major player in Africa’s digital payments and commerce space, has been announced as a key sponsor of the 2024 Committee of e-Business Industry Heads (CeBIH) Conference. The event, which began at the Eko Convention Centre in Lagos, is focused on the theme: “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.”
About CeBIH and Its Role
CeBIH comprises top electronic business leaders from all Nigerian banks, with a mission to promote electronic banking services aligned with global best practices. This year’s conference is particularly crucial as it supports Nigeria’s long-term strategic framework, Payment System Vision (PSV) 2030, developed by the Central Bank of Nigeria (CBN).
Payment System Vision 2030: A Roadmap
PSV 2030 builds on the successes of earlier initiatives like Payment System Vision 2020 and aims to:
- Enhance financial inclusion by making payment systems more accessible.
- Foster innovation within the payments sector.
- Support Nigeria’s broader digital economy, promoting growth and sustainability.
Keynote Highlights
In his keynote address, Mitchell Elegbe, Founder and Group Managing Director of Interswitch, emphasized the company’s commitment to shaping the future of digital payments in Nigeria:
“We are proud to support CeBIH and the 2024 CeBIH annual conference as it aligns perfectly with our vision of building seamless, secure, and future-ready payment systems for Africa. Together, we aim to address the evolving challenges in digital payments and contribute to the development of a robust, inclusive, and sustainable digital economy across Africa.”
Elegbe also highlighted the impact of globalization and the gig economy on inclusive payment systems, stressing the importance of adaptability and innovation in Nigeria’s payment landscape.
Conference Objectives
The two-day conference is set to generate policy recommendations to foster a supportive environment for Nigeria’s payment ecosystem. Topics discussed include:
- Emerging trends in digital payments.
- Strategies for navigating challenges in financial inclusion.
- The role of fintech and banking partnerships in driving growth.
Interswitch’s Commitment
Interswitch’s sponsorship underscores its dedication to advancing Nigeria’s payments sector. The company has been a driving force in promoting secure and seamless payment solutions, aligning with PSV 2030’s goals of innovation and inclusivity.
Conclusion
The CeBIH 2024 Conference, with Interswitch’s support, marks a significant step toward shaping Nigeria’s payment systems for the future. By fostering collaboration among industry leaders and addressing key challenges, the event aims to set a roadmap for sustainable growth and innovation in Nigeria’s digital economy.
