From the 14th to 16th of June, the Central Bank of Nigeria will hold the 16th edition of the annual CBN Cashless CardExpo at the Eko Hotel and Suites, Victoria Island, Lagos. This conference is the biggest card conference in Africa and has contributed its fair share to the development of electronic payment in Nigeria. Over 3,000 visitors and delegates are being expected from various professional leanings and industries.
“CBN Cashless Card Expo Africa Exhibition continues its tradition of showcasing the most exciting development in the payment industries. With a variety of new innovation technologies, it’s never been more important to keep pace with industry developments,” said Lilian Ekwedike, Assistant General Manager, Intermarc.
E-commerce has been one of the major drivers in the retail industry across Africa, and globally, for about a decade now. It is surprising to know that despite the slow and expensive internet service in the continent, e-commerce and the retail sector in Africa still experience an increase in growth every year. The retail payment industry is experiencing a dramatic shift as e-commerce is already capturing a larger share of sales than ever before. New trends in e-commerce show that the purchase of goods and services can occur with payment made on the point of sale (POS) at a merchant location, through the internet, or by telephone.
What the CBN achieved through this programme
The Central Bank of Nigeria has been able to promote and encourage the cashless policy drive within the country with the last three editions of the CardExpo. Innovative developments have sprouted across the payment industry as a result of the promotion of the cashless policy.
What makes this year’s event different?
At this year’s conference and exhibition, top retail payment and e-commerce experts will provide strategies on how to position and enhance businesses in the ever-changing retail and e-commerce industry. Merchants, financial institutions and solution providers get firsthand information from a panel of experts on developments in the industry and the most pressing issues concerning it.
There will also be a three-day forum on how to trade on the internet. This is in order to encourage traders in open markets like Alaba, Computer Village, Ladipo, Aspanda etc. These traders will be taught how to put their stock online. The conference will also feature young entrepreneurs who are developing solutions for e-commerce and e-payment.
Topics to be discussed at the event include, ‘The Internet of Things: What Retail and Service Providers need to do now,’ ‘Merging Virtual and Physical World for Total Retail Experience,’ ‘Emerging Online Payment Options and the Impact on Carts and Costs and ‘How to Use Online Retail Strategy to Drive Sales and Revenue.’
Apart from the Governor of the Central Bank of Nigeria, Godwin Emefiele, the other 21 speakers for the event include:
Tunde Kuponiyi – Chairman, Committee of e-banking Industry Heads in Nigeria (CEBIH)
Chidi Umeano – Head, Shared Services, Central Bank of Nigeria
Ifie Sekibo – MD/Director/CEO Heritage Banking Company Ltd
Folashodun Adebisi Shonubi – MD/CEO, Nigerian Interbank Settlement Systems (NIBSS) Limited
Juliet Ehimuan-Chiazor – Country Head, Google Nigeria
Eyo bassey – MD/CEO, Payporte Technologies Limited
Sefik bagdadioglu – Managing Director, Kaymu Nigeria
Valentine Obi – Managing Director, etranzact International Plc