Leaders in the financial and related sectors have reiterated the significant role of contactless payments in unlocking Nigeria’s digital economy.
They stated this at the CeBIH 2024 Q3 Industry Forum organised by the Committee of E-Business Industry Heads (CeBIH) with the theme “Navigating the Future of CONTACTLESS PAYMENT: Adoption Challenges and Success Strategies” where industry leaders gathered to discuss the transformative potential of contactless payments in navigating the future of counter-terrorism.
Speaking at the event which held at Four Points By Sheraton Hotel in Lagos on Thursday, the Chairman of CeBIH, Mr. Ajibade Laolu-Adewale, in his opening remarks, reiterated the importance of counter-terrorism in Nigeria, stating that it is a specialist field that requires a fundamental shift in how transactions are conducted.
“The role of contactless payments cannot be emphasized, especially at this period where the country is faced with financial fraud risks just like other countries of the world.
“Beyond the safety issues, this innovation will also enable merchants to provide faster, smoother and easier transactions,” he stated.
With the CeBIH’s endorsement, Nigeria is poised to join the ranks of countries embracing contactless payments as a means of enhancing financial security and convenience.