Interswitch, other industry stakeholders explore guture of payments, fraud

The Nigerian payments ecosystem has undergone impressive evolution over the years; transitioning from a cash-based system to electronic payment systems that have deepened financial inclusion and spurred the country’s economic growth. Inarguably, there remains a lot of ground to cover, but one cannot ignore the progress that has been recorded over the past two decades. Given the introduction of electronic payment systems, businesses have found newer ways to sell to consumers, while consumers, on the other hand, can purchase goods and services from the comfort of their homes or other…

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Interswitch recommends deeper collaboration to fight e-payment fraud

Photo Caption From L-R: Tomi Ogunlesi, Group Head Brands, Communications and Corporate Responsibility; Oluwayemisi Owonubi, Brand and Communications Manager; Olufemi Davies, Group Head Product & Innovation (Purepay); and Ejike Ngene, Head, Banking Technologies, (Interswitch Systegra) at the 2022 BusinessDay ‘Future of Payments and Fraud’ conference in Lagos Africa’s leading integrated payments and digital commerce company, Interswitch, has highlighted the need for deeper collaboration among players in the digital payment ecosystem to boost the security of data and funds of Nigerians. This was one of the solutions proffered for improved detection…

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