Financial Inclusion in Nigeria: Collaboration and Technological Integration
In Nigeria news, industry experts stress the importance of collaboration among financial service providers, telecom operators, and tech startups to close the nation’s financial inclusion gap. The Payment Forum Nigeria (PAFON 2.0) emphasized the need for effective consumer awareness. Ibirogba Oluwagunwa of the Lagos chapter of Mobile Money & Bank Agents called for improved information sharing and the elimination of barriers to progress digital inclusion.
Chika Nwosu of PalmPay urged a consumer-centric approach for creating accessible financial products, fostering trust. In Abuja news, Olusoji Adeyemo from Microsoft UK highlighted the potential of AI and Blockchain in reaching unbanked rural communities, promoting digital identity, and aligning with global tech trends. Meanwhile, Oluwabunmi Ogunyemi from Moniepoint MFB suggested integrating digital and physical customer engagements as a strategy for inclusivity.
Key Takeaways:
- Enhance collaboration between financial services, telecom, and tech startups.
- Focus on educating consumers with simple formats.
- Leverage AI and Blockchain for rural financial inclusion.
What strategies do you believe will most effectively enhance financial inclusion in developing economies like Nigeria? Share your thoughts. Original Source.
