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PoS Innovation Summit to drive agency banking

April 30, 2019 · 2 min read
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The Fintech industry in Nigeria is warming up for yet another round of electrifying discourses at the PoS Innovation Summit scheduled to hold on Tuesday, May 7, 2019, at The Wheatbaker, Ikoyi.

The event will draw delegates from the Central Bank of Nigeria (CBN), Nigeria Interbank Settlement System (NIBSS), Banks, players in the Fintech industry and other key stakeholders.

Convened by Nigeria’s foremost Fintech company, Global Accelerex Limited, the PoS Innovation Summit is a platform that brings together all stakeholders in the financial technology ecosystem to deliberate and fosters a greater understanding of the value chain in a bid to improve service delivery in the e-payment sector. These discussions are aimed at achieving the financial inclusion goals of the Federal Government and attaining the Financial System Strategy (FSS) 2020 Plan of the Central Bank of Nigeria.

This edition of the summit, rightly themed, “Agent Banking to Reach the Last Mile”, will focus on the delivery of convenient, accessible and cost-effective financial services to the underserved and unbanked in Nigeria. The objective will be to further improve financial inclusion through the agency banking system.

The Special Guest of Honour at the event is Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria. Patrick Akinwutan, the Managing Director of Ecobank Nigeria; Ronke Kuye, Managing Director of SANEF; Jacqueline Jumah, the Managing Director of Intermarc Consulting; and Tunde Ogungbade, Managing Director of Global Accelerex; will be keynote speakers at the forum.

To deepen understanding of how agent banking really works, a live demonstration of agency banking, using the Accelerex Agent Network Platform, will also occur during the summit.

A considerable number of Nigerians have embraced the deposit, transfer, and withdrawal of money through agent banking operators both in urban and rural areas. As this trend evolves, creativity and innovation will be major contributors to sustainable growth, especially regarding new market segments. This is where the overarching need for a summit such as this becomes very instructive.

The event, which has held since 2017, will also have in attendance notable stakeholders including Payment Terminal Service Providers (PTSPs), representatives of banks, representatives of the Central Bank of Nigeria and NIBSS, Agent Network Management Organisations/Super Agents, representatives of Microfinance Banks, representatives of Fintech Companies, Merchants, Payment Processors, among others.

The PoS Innovation Summit is renowned for its invaluable contributions to innovation and improvement of efficiency in the nation’s fast-growing e-payment industry through insights and shared experiences aptly analyzed by seasoned speakers and discussed by experienced panelists.

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