CBN cashless card expo to drive e-commerce in Nigeria, Africa

Intermarc Consulting, organisers of the annual CBN Cashless Card Expo Africa Exhibition, has reiterated its commitment to drive e-commerce business in Nigeria and across Africa, through its platform.

The event organisers said it planned to achieve the initiative by encouraging entrepreneurs to put their businesses online in order to get better business exposure.

Adeyinka Adeyemi, Managing Director, Intermarc Consulting, who made the disclosure in Lagos, said many businesses lacked national and international exposures because they fail to maximise the power of the internet to grow their businesses.

“It is for this reason that we encourage traders in open markets in Lagos like Alaba, Computer Village, Ladipo, Aspanda, among others to put their stock online,” Adeyemi said.

He explained that young entrepreneurs who are developing solutions for e-commerce and e-payment will also be featured during the event, just as the platform continues with its tradition of showcasing the most exciting development in the payment industries.

“With a variety of new innovative technologies, it’s never been more important to keep pace with industry developments, with banks, payment companies and other industries, including new entrants, as they all are vying for their place at the centre of the ecosystem,” he said.

CBN Cashless CardExpo is said to be the biggest card conference in Africa. The conference has contributed its fair share to the development of the electronic payment in Nigeria as the conference continues to push the frontiers of payment thereby promoting the usage and adoption of the various electronic channels of payment in the market.

“The retail payment industry is experiencing a dramatic shift as e-commerce is already capturing a larger share of sales than ever before.

“New trends in e-commerce shows that purchase of goods and services can occur with payment made on the point of sale (POS) at a merchant location, through the internet, or by telephone,” Adeyemi added.

He explained that e-commerce had been one of the major catalysts for retail industry across Africa and globally, but however said that the huge factor to the growth of retail sector and e-commerce in Africa lies in the usage of internet.

According to the organisers, CBN Cashless Card Expo Africa 2016 will focus on the future of retail payment and e-commerce and how innovation will drive this process.

The conference and exhibition will focus on new users as well as the service delivery strategy that will deliver the future of retail payments and e-commerce.

During the conference and exhibition, top retail payment and e-commerce experts will provide strategies on how to position and enhance businesses to guarantee business continuity in the ever changing retail and e-commerce industry.

Merchants, financial institutions and solution providers will get firsthand information from a panel of experts on developments around the industry and its most pressing issues.

There will also be an industry awards ceremony during the three days event,  scheduled to hold at the Eko Hotel and Suites, Lagos from 14 – 16 June 2016, with the theme; “Retail Payment and E-Commerce.”

 

Jumoke Akiyode