You will remember that the momentum of using cards started a few years ago when people started getting used to ATMs. Well, the story is changing very fast these days. Since the Central Bank of Nigeria effectively introduced the cashless policy in 2012, we have seen more usage of cards not just on ATMs but on POS.
Needless to say that the bullion vans and sirens have disappeared and people are now transferring money electronically through NIBSS Instant Payment and NIBSS Electronic Funds Transfer.
The volume of transactions per day under these different electronic payment systems is very encouraging, at least it proves that it works and Nigerians are getting value in terms of convenience, security and speed of concluding financial transactions.
While the payments landscape has evolved rapidly over the past few years, due to a flurry of innovation and regulation, expansive growth in electronic payments and the inclusion of new market entrants, industry research indicates that the next decade will yield a period of even faster growth.
The future promises to deliver a rapidly changing payments landscape as increasing convergence, integration and ecommerce and mobile technology radically change the shape of the payments market place. This is why the Central Bank of Nigeria and Nigeria Interbank Settlement Systems (NIBSS) have come up with the Electronic Payment Incentive Scheme, to reward bank customers that are using cards and other epayment channels as well as merchants and their sales persons that are pushing the frontiers of epayment by promoting and encouraging the use of cards and POS at their outlets.
CBN CardExpo 2015 will focus greatly on the future payment vision, the assumption that underlines the vision and how innovation will drive the process. The conference and exhibition will also focus on new users as well as the service delivery strategy that will deliver the future of payments.
At this Conference and Exhibition, top card and epayment experts will be sharing inside strategies on positioning and enhancing your card business to ensure your spot in the
Rapidly evolving Card Ecosystem. Merchants, Issuers, Financial Institutions, and Solution Provider. Hear first-hand, in rapid fire panel debates, a holistic idea exchange around the industry's and most pressing issues on Cards, Mobile payment, MPOS, NFC, BVN, Square Me, ATM, EFT, eGovernment payments at federal and state levels, Utility payments etc.
At this event, we will be rewarding bank customers that frequently use their cards on POS. Merchants and sales persons who promote and encourage the use of card on POS will also be rewarded with various cash prizes under the CBN Electronic Payment Incentive Scheme (EPIS).
We have also put together Demo Sessions for pitches by young developers of brilliant “out of the box” payment technologies who will have the opportunity to present and demonstrate their innovative solutions. N250,000 will be one by each of the best four epayment demo pitchers. Only solutions that have not been launched or in the market will qualify to be presented at our pitches.
CardExpo Africa Exhibition continues its tradition of showcasing the most exciting developments in the payment sector. With a variety of new innovative technologies,
it has never been more important to keep pace with industry developments. With banks, cards scheme and newer entrants all vying their place at the centre of the ecosystem. This must attend event will provide insightful takeaways from the industry.
Why attend:
• Hear about new technologies which could transform your business
• Meet with industry pioneers to discuss how they see the sector advancing
• Learn about how new entrants plan to grow their market share
• Network with major players and see what your competitors are working on
For further information, visit www.cardatmandmobilexpoafrica.com
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