CeBIH retreat examines PSV 2020 and policy regulation (Vanguard)

Banking and E-payment experts will converge at the 2014 annual retreat of the Committee of E-Banking Industry Heads (CeBIH) to examine the role of policy regulation in the implementation of the Nigeria’s Payment System Vision 2020.

To lead discussions at the retreat are Alhaji Sulemain Barau, Deputy Governor, Central Bank of Nigeria, Operations Directorate; Mr Philips Oduoza, Group Managing Director,  UBA Plc and Mr Dipo Fatokun, Director, Banking & Payments System, Central Bank of Nigeria.

Other speakers are John Chaplin, Global Retail Payments Expert, United Kingdom; Hany Fekry, Chief Commercial Officer, Emerging Market Payments, Egypt; and Omar El Moataz, Senior Sales Specialist at NCR Corporation. The theme of the two day retreat is “Payment System Vision 2020 – Creating an enabling environment through policy regulations”, and it is scheduled to hold     in Abuja this week.

Speaking on the theme of the retreat, CeBIH President, Mr.  Tunde Kuponiyi said, “The Payment System Vision 2020 has been developed with guidelines that ensure the Nigeria Payments System will be nationally utilised and internationally recognised. CeBIH recognises the inevitability of a conducive regulatory environment for the successful implementation of the goals and objective/principles of the PSV 2020, hence the Committee decided to explore the theme “Payment System Vision 2020 – Creating an enabling environment through policy regulations” at its forthcoming annual retreat”.

He said that the retreat will leverage on the wealth of experiences of the various speakers to explore the dynamics of developing a vibrant payment system in an environment of conducive policy regulations. Explaining the reasons behind the theme, Mr Adeyinka Adeyemi, Managing Director, Intermarc Consulting, said that governments globally have come to recognise the impact of electronic payments on the overall economy of nation states and as such have focused on creating virile and conducive environments for payment systems and structures to thrive.

Established July 2009, CeBIH comprises of all heads of e-business/e-channels and cards services of all the 23 banks in Nigeria. The primary objective of the Committee is to promote electronic banking services in line with global best practices and serve as a forum for sharing ideas and experiences by the E-banking industry Heads.