The organiser of the event and the CEO of Eventhive.ng, Jamiu Ijaodola, remarked that the forum convened stakeholders and digital financial experts in Nigeria’s payment industry to deliberate on issues and opportunities shaping the future of the industry.
The Head of Retail Banking at 9 Payment Service Bank, Oladimeji Saka, told Sunday PUNCH that driving digital and financial inclusion was not a solo effort but required collaboration and partnerships.
Nigerian fintechs and traditional banks are increasingly competing, particularly in digital lending.
Traditional banks are launching standalone digital lending apps to attract customers with lower interest rates, challenging established fintechs.
Saka said fintechs could help bridge this gap, as banks cannot do it alone due to the resources required to set up branches in many areas.
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