Mobile money has continued to grow and serve as enabler to the realization of financial inclusion target in Nigeria.
According to data released by the Nigeria Inter-Bank Settlement System (NIBSS), Nigeria recorded 50 percent increase in mobile money transactions and added over two million new users to the existing ones in 2018.
This shows a significant growth in the usage and adoption of mobile money platforms in Nigeria.
However, as consumer preference for mobile money services continues to evolve, so does the need to disrupt the traditional system and expand the value chain of cash in-cash out, bill payments to MicroCredit & MicroSavings, MicroPension, MicroInsurance and AgricTech, to improve users’ experience and grow more adoption in Nigeria.
Speakers from the regulatory bodies, as well as representatives from banks and mobile money service platforms will be discussing the theme; Mobile Money: ‘Beyond Payments’.
Addressing journalists about the upcoming conference, Chinedu Onuoha, the Chairman, Association of Licensed Mobile Payment Operators (ALMPO), said that the objective of this year’s event is to forge a collaborative approach towards harnessing new initiatives and opportunity areas that will accelerate mobile money adoption and deepen financial inclusion.
“The Conference remains a platform for mobile money operators, regulators, and other stakeholders to discuss current situations, challenges and advancements of mobile money in Nigeria.
“The event is expected to pull c-level participants across payment and non-payment ecosystems in Nigeria”, Onuoha said.
The Conference will feature discussions around; “Beyond payments: disrupting the value chain to deepen mobile money adoption – with special focus on: micro credit and savings, micro-insurance, micro-pension, and agrictech”.
Other topics are centered on enhancing industry synergy in the fight against mobile money fraud and setting mobile money agenda for 2020. They will also discuss how to harness new opportunity areas for mobile money adoption in Nigeria and give a presentation on the state of mobile money in Nigeria.
Uzo Eziukwu, Group CEO, BlueTag Group, Aishah Ahmad, chairperson of the 2019 mobile money conference and deputy governor, financial systems stability, Central Bank of Nigeria, Umar Garba Danbatta, executive vice chairman/CEO, Nigeria Communications Commission and Olayinka David-West, academic director, Lagos Business School are expected as speakers and special guests at the event.
Others are: Aisha Dahir-Umar, Ag. director general, PenCom, Sam Okojere, director, payment systems management department of CBN, Musa Jimoh, deputy director, payment system policy and oversight, CBN, Modibbo Hamman Tukur, director/chief executive, Nigeria Financial Intelligence Unit.
Also, Ibrahim Magu, chairman, economic and financial crimes commission, Ibrahim Kabiru, commissioner of police, police special fraud and many other dignitaries are expected at the conference.
