Interswitch, an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money and the exchange of value between individuals as well as organisations on a timely and consistent basis, recently brought stakeholders in tech/payment industries to analyze the industry.
The Interswitch Connect assessed Nigerian Communications Commission (NCC) recently published statistics that highlighted a greater diffusion of Internet technology in Nigeria, and signified a sharp increase in the use of mobile phones, which has risen to 91.6 million in 2016.
The report also stated that Nigeria’s internet penetration percentage now stands at 51%. The foregoing outlook presents an auspicious landscape for digital businesses.
In anticipation of these optimistic landscape in digital businesses, Interswitch Connect 2017 Conference tagged “Digital Transformation Imperatives: Innovative Evolution or Disruptive Innovation, brought together thought leaders across Banking, Payments, Health and Retail under one roof.
The recent event provided a platform to deliberate on the endless opportunities for businesses through digital transformation.
The event tagged Interswitch Connect, successfully examined how businesses can leverage digital transformation for future industry growth, shining greater light on an ecosystem that has become an inroad into a vast landscape of financial, commercial, and social opportunities.
Mitchell Elegbe, the founder/group managing director, Interswitch, said: “It was essential for us to bring together key stakeholders in Nigeria’s digital financial ecosystem to discuss, debate and evaluate the future of transactions.
“Digital disruption is a reality that has come to stay, it is redefining industries and business models.
“We believe it is time for Africa and Nigeria, to understand how we will evolve & innovate in payments, commerce and beyond.
“Technology is constantly changing the way we all transact today and we cannot ignore it”.
The event had an enlightening keynote speech tagged “the concept of first principle design thinking” by Brett King, an award winning author and futurist.
Other key speakers and panelists at the conference were John Chaplin, Former Executive Vice President, VISA (African Payment Innovation Jury), Dipo Fatokun, Director, Banking & Payment Systems, CBN, Uzoma Dozie, GMD/CEO, Diamond Bank, Iyinoluwa Aboyeji, Co-Founder & CEO, Flutterwave, Bayo Adekanmbi, Chief Transformation Officer, MTN Nigeria, Shola Akinlade, Co-founder & CEO, Paystack and many more.
