Interswitch has provided forum for industry leaders, technology experts, and stakeholders from across the financial and technology sectors in the southeast, to explore how digital solutions can drive business growth and economic development in Nigeria.
This followed the successful kick-off of the highly subscribed TechConnect 4.0 series in Enugu, by the integrated payments and digital commerce company.
The event with the theme: “Unlocking growth opportunities through technology and innovation,” provided a dynamic platform for insightful discussions, products demonstration, and networking opportunities, with major focus on the transformative role of digitization, particularly in the microfinance and financial technology sectors.
As a key driver of conversations around digital transformation, the event showcased how technology can unlock immense opportunities across various industries, especially in underserved markets.
Managing Director, Payment Processing and Switching at Interswitch Purepay, Akeem Lawsl, represented by Head of Sales, South-South, Interswitch, Emmanuel Nwokocha, highlighted the evolving financial landscape and the necessity for microfinance banks (MFBs) to embrace technology to stay competitive and effective.
In a keynote speech, titled- “The digital transformation of Microfinance Banking: challenges and opportunities,” he said:
“We are entering a phase where digital transformation is no longer optional but essential for the survival and growth of microfinance. For microfinance banks to successfully latch onto the benefits of digital transformation, partnerships are critical. This means collaboration between MFBs, financial technology companies, mobile network operators, government agencies, and development organisations by working together, resources can be harnessed, share expertise, and drive innovation to meet the demands of today’s financial ecosystem.”
He restated Interswitch’s commitment to empowering microfinance institutions, saying: “We understand the significance of these partnerships, which is why we provide not just technology, but also the tools and platforms that ensure seamless digital transformations. Our digital payment gateways, data solutions, and infrastructure are purpose-built to support MFBs in navigating this transformation confidently.”
There was a panel on “The future of Microfinance – Transforming Microfinance through digitization.”
The session brought together leading microfinance practitioners, policymakers, and technology innovators, who highlighted the growing need for microfinance institutions to continuously embrace digital transformation.
They discussed how adopting digital platforms enhances financial inclusion, improves operational efficiency, and scale services to a broader customer base.
Also among the event’s highlights was a Fireside chat on “The role of government and Fintech in fostering digital economy – Initiatives/contributions, challenges, opportunities.”
This engaging session featured representatives from Interswitch and the government discussing the continuous need for collaboration between the public and private sectors.
This event marks the beginning of the TechConnect 4.0 series, by visiting major cities across Nigeria, including Asaba, Abuja, and Ibadan, with the grand finale set for Lagos.
