Inlaks Computers Limited, the foremost ICT and Infrastructure solutions provider in the West African region and the business representative of Temenos in the Region, at AITEC’s Banking and Mobile Money West African Conference held recently in Lagos, Nigeria, reiterated her readiness to partner other stakeholders in the country’s financial sector to accelerate the success of the cashless initiative.
Inlaks also showcased some of her latest offerings and technologies that will assist the financial services operators revolutionise Mobile Money and deliver quick return on investment.
The theme of the event “the Challenges and Opportunities of Mobile Money” focused on banks great challenge in overcoming their heritage of colonial banking. Latest international developments in payment technologies, best practices in IT project deployment, and latest trends in Customer Service delivery. To provide for the bottom part of the pyramid which has been badly neglected, commercial banks recently started addressing this market segment with mobile operators setting the pace in providing low-cost banking services. This they do through technological innovation and a customer-oriented corporate culture and service innovation.
Speakers at the conference also noted that regulation and innovations have to find an optimum co-existence in order to encourage financial inclusion, positive/creative regulation rather than restrictive regulation. The conference admitted that communication is the key to avoid the increase of misinformation and misconceptions in the market.
According to Femi Adeoti, the CEO of Inlaks Computers in a prior interview, “Ghana’s enabling regulatory environment did not happen overnight. It took months and years, of creative dialogue, negotiation and lobbying. This was accelerated by the enlightened leadership in the Apex Bank with defined policy framework ignoring the threat of uncertainties and embracing wider societal considerations like financial inclusion.” All these and beyond is present in the Nigerian economy with a very dynamic market.
Phil Sorrel of Temenos, during his presentation emphasised that mobile money is a huge untapped opportunity in the country and its success hinges on the wide acceptability of mobile device.
