CBN, NIBSS Lead Banks To 2015 Card Expo In Lagos

                       The Central Bank of Nigeria,CBN and financial institution partner, the Nigeria Inter-Bank Settlement System, NIBSS, would lead array of banks who have indicated interest to this year’s d CardExpo in Lagos. Organisers of the annual CBN CardExpo Africa, Intermarc Consulting Limited said the 15th edition of the card conference and exhibition, has special focus on Card, Mobile, Identification and payment.
cardsThe event which is slated for 23rd to 25th of  June,is with the theme: ‘Innovation: The Future of
ePayment. Meanwhile, Diamond Bank has been announced as the event’s Platinum sponsor, while Heritage Bank is Gold sponsor. CBN and NIBSS are partners. Announcing the conference, General Manager, Intermarc Consulting, Lilian Ekwedike, said the conference aims to promote and deepen the adoption and usage of electronic payment in Africa.

she said “the focus of the event for this year, would be on how new and innovative technologies can meet the payment transaction needs of new markets and the unbanked. The conference and exhibition will also focus on new users as well as the service delivery strategy that will deliver the future of e-payment,” .

Explaining the introduction of innovations for the 2015 CardExpo, Ekwedike said Intermarc had introduced the CBN Electronic Payment Incentive Scheme (EPIS) awards, where bank customers that frequently use their cards on Point of Sales (PoS) machines from merchants and sales person, will be rewarded.

She said other sectors of the industry that promote and encourage the use of card on PoS, will also be rewarded. “We have also put together demo sessions for pitches by young developers who will have the opportunity to present their brilliant payment technologies and innovation solutions, where the best four solution will win a price of N250, 000, which is being sponsored by Diamond Bank and MasterCard,” Ekwedike said.

She said there would be specific forum for all exhibitors and sponsors to introduce and showcase the products and services to the general public, and that speakers would be drawn from the financial sector and other key industry sectors, to discuss the future and benefit of e-payment in Nigeria. Meanwhile, Head, Cards, Diamond Bank, Mr. Joachin Iloemezue, explained that banks are associated with the annual card conference and exhibition, because of their roles in driving the cashless initiative of the CBN.

Head, Corporate Communications at NIBSS, Lilian Phido, said NIBSS would continue to support the process of cashless economy and ensure that cashless transactions remain safe and secured