Around 80 per cent of respondents to surveys of payments across Africa believe that the shift to e-payments will not only endure but will accelerate with the proliferation of Fintech companies around the world; e-payment solution providers are on the rise and is expected to grow by at least 30 per cent per year through 2025.
With the digitization of payment, cyber-attacks are expected to be on an increase, too, growing as rapidly as technological advancement in payment. The spike in cyberattacks should necessitate private and public sector engagement to ameliorate the present concerns. The safer it is to carry out digital transactions, the faster it is to phase out fiat currencies.
With the digitization of payment, the burden of walking long distances to deposit cash in specific financial institutions is fast becoming a thing of the past. The menace of bank robbery has diminished in the last decade and is rarely seen at all.
The shift from fiat currencies to using digital means has not been as smooth as envisaged. However, with more public sector engagements and enlightenment campaigns, the acceptance would become far-reaching.
The Future of Payments and Fraud Conference
The conference is the initiative of BusinessDay Media Limited. The event is designed to bring industry stakeholders together to discuss and brainstorm current trends and demystify the menace of fraud while learning winning strategies in the business of payment solutions.
Theme: Stanching the Leaks: Digitization of Payment & Cybersecurity Solutions
Date: Thursday, April 27, 2023.
Venue: Four Point by Sheraton Lagos State.
Time: 9 am – 4:00 pm.
The event will focus on the following:
- Stanching the Leaks: Digitization of Payment & Cybersecurity Solutions.
- Cashless policy – Innovative Payment Solutions in the wake of the ongoing financial crisis.
- Payment Invoicing – addressing the current concerns in digital payment.
- Future of Payment: How Fintech Firms can help small businesses thrive as payment systems revolutionize.
- How ‘mobile-money’ managed services enable business transformation.
- Payment regulation – staying vigilant through prevention, oversight, and policies.
The event will target high-level participants from the private and public sectors, decision and
key policymakers, and experts in Fintech, Banking, Judiciary and Law Enforcement
agencies who will attend the conference.
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