Key stakeholders in the economy are preparing to brainstorm and possibly provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025, following challenges that emerged from the electronic payment system in the first quarter of 2023.
The Central Bank of Nigeria (CBN) in December 2022 released the Payments System Vision (PSV) 2025 to be driven by contactless payments, big data. and open: banking, among others.
Specifically, regulators, key stakeholders in the telecommunications sector, financial services sector, as well as payments service providers and switching companies will come together in Lagos for the 2023 annual conference of the Finance Correspondents Association of Nigeria (FICAN) to examine the subject-matter.
This year’s conference scheduled to hold on the 16th and 17th of September 2023 will be focusing on: “Strengthening Digital Infrastructure for Efficient, Innovative Payment Systems in Nigeria.”
A statement co-signed by the National Chairman FICAN, Mr. Chima Titus Nwokoji and the National Secretary Mr. Sam Diala, observed that events of the first three months of 2023 have shown that there is urgent need to ramp up infrastructural investment in the payment ecosystem of the country.