Needless to say that the
bullion vans and sirens have disappeared and people are now transferring money
electronically through NIBSS Instant Payment and NIBSS Electronic Funds
Transfer.
The volume of transactions per day under these different electronic payment systems is very encouraging, at least it proves that it works and Nigerians are getting value in terms of convenience, security and speed of concluding financial transactions.
The volume of transactions per day under these different electronic payment systems is very encouraging, at least it proves that it works and Nigerians are getting value in terms of convenience, security and speed of concluding financial transactions.
While the payments landscape has
evolved rapidly over the past few years, due to a flurry of innovation and
regulation, expansive growth in electronic payments and the inclusion of new
market entrants, industry research indicates that the next decade will yield a
period of even faster growth.
The future promises to deliver a
rapidly changing payments landscape as increasing convergence, integration and
ecommerce and mobile technology radically change the shape of the payments
market place. This is why the Central Bank of Nigeria and Nigeria Interbank
Settlement Systems (NIBSS) have come up with the Electronic Payment Incentive
Scheme, to reward bank customers that are using cards and other epayment
channels as well as merchants and their sales persons that are pushing the
frontiers of epayment by promoting and encouraging the use of cards and POS at
their outlets.
CBN
CardExpo 2015 which comes up from the 23rd -25th of June, will focus greatly on the future payment vision, the
assumption that underlines the vision and how innovation will drive the
process. The conference and exhibition will also focus on new users as well as
the service delivery strategy that will deliver the future of payments.
At this Conference and Exhibition,
top card and epayment experts will be sharing inside strategies on positioning
and enhancing your card business to ensure your spot in the
Rapidly evolving Card Ecosystem.
Merchants, Issuers, Financial Institutions, and Solution Provider. Hear first-hand, in rapid fire panel
debates, a holistic idea exchange around the industry's and most pressing
issues on Cards, Mobile payment, MPOS, NFC, BVN, Square Me, ATM, EFT,
eGovernment payments at federal and state levels, Utility payments etc.
At this event, we will be rewarding
bank customers that frequently use their cards on POS. Merchants and sales
persons who promote and encourage the use of card on POS will also be rewarded
with various cash prizes under the CBN Electronic Payment Incentive Scheme
(EPIS).
We
have also put together Demo Sessions for pitches by young developers of
brilliant “out of the box” payment technologies who will have the opportunity
to present and demonstrate their innovative solutions. N250,000 will be won by each of the best four epayment demo pitchers.
Only solutions that have not been launched or in the market will qualify to be
presented at our pitches.
CardExpo Africa Exhibition continues
its tradition of showcasing the most exciting developments in the payment sector.
With a variety of new innovative technologies,
it has never been more important to
keep pace with industry developments. With banks, cards scheme and newer
entrants all vying their place at the centre of the ecosystem. This must attend
event will provide insightful takeaways from the industry.
Why
attend:
•
Hear about new technologies which
could transform your business
•
Meet with industry pioneers to
discuss how they see the sector advancing
•
Learn about how new entrants plan to
grow their market share
•
Network with major players and see
what your competitors are working on
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