Ayodeji Ayenuwa
Interswitch, a leading African payments and digital commerce company, has showcased its unwavering commitment to advancing the digital payment ecosystem at the recent TechConnect 3.0 event held at The Lekki Coliseum, where experts convened to discuss the fintech sector’s future.
Akeem Lawal, the Managing Director of Payment Processing and Switching at Interswitch Purepay, emphasized the significance of global digital payment trends. He underscored the necessity of partnerships for a successful digital transformation, stating, “TechConnect 3.0 exhibits Interswitch’s unwavering commitment to leading the charge in the advancement of the payment ecosystem.”
Meanwhile, Chijioke Eze, the Business Development Manager at Interswitch, addressed the pressing issue of fraud prevention. Eze stated, “Organizations must equip their staff with risk-based strategies for tackling fraud to avoid falling prey.” He further elaborated on various types of fraud, such as identity and processing fraud, chargebacks, and cyberattacks.
The event also featured a panel discussion on advancing cross-border payments within Africa, focusing on leveraging technology to facilitate seamless transactions and enhance financial inclusion.
The panelists highlighted the importance of intra-sector partnerships and the development of unique products like API gateways and mobile wallets.
In acknowledgment of their contributions to the sector, awards were presented to several financial institutions, including First Bank, UBA, Access Bank, Zenith Bank, and more
Interswitch’s commitment to collaboration was reaffirmed, underscoring its role as an enabler of progress in the industry.
Gathering key figures from the fintech sector, banks, and financial institutions, the event’s theme, “Adapting, Scaling, and Advancing with Fintech,” set the stage for discussions on industry strategies, trends, and challenges.
Ultimately, the event highlights Interswitch’s dedication to advancing the digital payment ecosystem, with a particular focus on global trends and the importance of partnerships. It also underscores the critical issue of fraud prevention in the financial sector.
The emphasis on cross-border payments and awards for notable institutions further cements Interswitch’s role in driving industry growth through collaboration and innovation.
Techrectory with Agency Report.
