Electronic Payment System Growth Top Agenda At CEBIH 2024

How to drive growth in electronic payment system in the economy is the key focus at the Committee of e-Business Industry Heads (CeBIH) 2024 Conference which kicked off in Lagos yesterday.

With “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth”, as theme, the conference is bringing together key stakeholders in the e-commerce sector, to discuss salient issues and proffer possible ways forward.

CeBIH is made up of top-tier electronic business practitioners from all banks in Nigeria, with the primary objective of promoting best practices in electronic banking.

The organisers envisage the CeBIH 2024 Conference helping to advance the goals of Payment System Vision (PSV) 2030 by evaluating progress, highlighting key milestones, and addressing challenges within the payment ecosystem.

Speaking around the topic:“The Impact of Globalization and the Gig Economy on Inclusive Payment Systems in Nigeria”, Mitchell Elegbe, Founder and Group Managing Director, Interswitch, said the summit aimed at addressing evolving challenges in digital payments

READ ALSO: Illegal Electronic Transactions: CBN Issues New Directive To PSPs

READ ALSO: FG Bans Telecom Providers, Others From Providing Services To Online Money Lenders

“We are proud to support CeBIH and the 2024 CeBIH annual conference as it aligns perfectly with our vision of building seamless, secure, and future-ready payment systems for Africa.

“This partnership highlights Interswitch’s commitment to drive innovation and advance the payments ecosystem.

“Together, we aim to address the evolving challenges in digital payments and contribute to the development of a robust, inclusive, and sustainable digital economy across Africa.”

Key huddles in the country’s electronic payment system are expected to be tabled and trashed at the conference from the different perspectives represented by the participants.

The PSV 2030, a vision document of the Central Bank of Nigeria (CBN) aims to guide the evolution of the country’s payment systems building on the success of previous initiatives.