Xpress Payments canvasses liberalisation of funds

The Managing Director of Xpress Payments, Mr. Oluwadare Owolabi, has suggested ways to ensure liberalisation of funds in Nigeria, for enhanced access.

He spoke at the African Fintech Summit 2019 held in Washington, which was attended by an array of technological and business experts, according to a statement from the firm.

The event, which was the second edition of The African Fintech Summit (AFTS), saw business experts engaging in riveting and insightful discourse on Financial Inclusion, and the future of financial technology in Africa.

Speaking on the theme; ‘Democratisation of Financial Services’, Owolabi was quoted as saying there was a need for “fundamental and wholesale changes in the financial service experiences of users and customers in Africa.”

According to him, the change will “promote the existence of financial inclusion programmes as well as increase accessibility to credits and finances.”

On how to enable democratisation of finance in Nigeria, Owolabi outlined the need for technological orientation, security and trust, digitisation as well as native innovations that are relatable to customers.

Other key personalities at the summit included: Jim Ovia of Zenith Bank, who gave the opening address; Worku Gachou, Managing Director for Africa at OPIC; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Bunmi Akinyemiju, CEO of Venture Garden Group and a host of others.

“AFTS is a global initiative founded on the idea that Fintech can unleash unprecedented economic firepower in Africa and encourages collaboration between ecosystem stakeholders,” organisers of the programme explained.

The maiden edition, which was held in Lagos last year, was attended by tech and finance leaders, policy makers and investors from across Africa and the United States.

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