THE Committee of E-Banking Industry Heads (CeBIH) said there is need to explore the dynamics of developing a vibrant payment system alongside conducive policy regulations. CeBIH noted that the development has become imperative given the growing global recognition of the impact of electronic payments on the overall economy of nations.
To this end, CeBIH is converging banking and e-payment experts at its 2014 yearly retreat to examine the role of policy regulation in the implementation of Nigeria’s Payment System Vision (PSV) 2020. The Deputy Governor, Central Bank of Nigeria (CBN), Operations Directorate, Alhaji Sulemain Barau, Group Managing Director, United Bank for Africa Plc, Philips Oduoza and the Director of Banking and Payments System, CBN, Dipo Fatokun, will lead discussion at the forum slated for November 20 and 21 in Abuja.
Others 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 Enabling Environment Through Policy Regulations”,
CeBIH President, Tunde Kuponiyi, said: “The Payment System Vision 2020 has been developed with guidelines that ensure Nigeria’s payments system will be nationally utilised and internationally recognised. We recognise 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 at the forthcoming yearly retreat”.
Also, the Managing Director of Intermarc Consulting, Adeyinka Adeyemi, 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.