BusinessDay

Fintechs, banks push to develop ‘Finclusion’ blueprint

... at 2019 DigitalPay Expo

Financial institutions and technology industry experts are ready to take on a new aggressive push to drive financial inclusion targets in Nigeria and Africa, as they plan to gather at this year’s Digital Pay Expo to discus and showcase ways of promoting the financial inclusion agenda in Nigeria and other emerging economies.

Financial institutions and technology industry experts are ready to take on a new aggressive push to drive financial inclusion targets in Nigeria and Africa, as they plan to gather at this year’s DigitalPay Expo to discus and showcase ways of promoting the financial inclusion agenda in Nigeria and other emerging economies.
The 2019 Digital PayExpo, scheduled to hold in Lagos from July 9 – 11, serves as a platform to highlight all the real, relevant and unique issues with regards to payment services and financial technology.
The event organiser, Intermac Consulting Limited, a technology company that services financial institutions and systems, says the 2019 Digital PayExpo conference and exhibition will attract one thousand participants seeking information, knowledge and market potential opportunities for their products and services.
“With a view of developing a blue print for a clear pathway for payments in Nigeria and Africa, this edition is designed and guaranteed to bring together acclaimed international speakers and decision makers in the digital space from various continents: Europe, Asia, America, the Middle East and of course Africa,” the company says in a statement.
With experts to discuss the theme: Finclusion: Aligning Expectations with the (DES) Business Case, the conference has already attracted over 40 sponsors and exhibitors, over 1,000 delegates and over 16 seasoned speakers from financial organisations.
Speaking at a media parley to announce the conference, Haulat Musa, market and events associate, Intermac Consulting, who represented Jacqueline Jumah, managing director, Intermac, said: “Financial inclusion, at its most basic level, starts with having an account (Financial Institution account or Mobile Money Market Wallet), but it doesn’t stop there, people can only fully benefit when there is regular usage.
“In recent times we have witnessed incredible innovations in products and initiatives to support the delivery of financial services promoting the uptake and usage of products and services and showcasing the business C386 for financial inclusion. The advent of Fintech has also propped development in the industry through synergies with financial service providers.”
The recently released revised financial inclusion strategy, and the Shared Agent Network Facility (SANEF), has spurred excitement among financial institution in agent banking to achieve last mile access of their services. In light of this, there have been transformative innovations in technology to drive scale viable when offering financial services to the under banked population.
Kehinde Adisa, general manager, corporate service and administration at Global Accelerex, a platinum sponsor of the DigitalPay Expo, said the company decided to embrace this initiative as it was important to put more people in the financial net, so as to empower the nation.

“We believe that by 2020, we will begin to achieve the aim of attaining 80 percent financial inclusion. This expo will even birth further ideas on how we can effectively include all in the financial inclusion drive,” Adisa said.

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