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Intermac Consulting announces Digital Pay Expo 2022

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Intermac Consulting announces Digital Pay Expo 2022

Intermac Consulting announces Digital Pay Expo 2022

Intermac Consulting announces Digital Pay Expo 2022.

The 22nd edition of Digital Pay Expo organised by Intermac Consulting is scheduled to hold from 9 to 10 June 2022 at the Eko Hotels, Victoria Island, Lagos, Nigeria, with the theme ‘DeFi Africa: Beyond Hype, Understanding Use Cases for the Continent’.

Digital Pay Expo is a payment industry platform that showcases new innovations and get an understanding of industry trends.

“Beyond the hype of Decentralised Finance (DeFi), we will be exploring uses across Africa. This has become very instructive and apt at this time when Central Banks across the globe are developing and introducing the Central Bank Digital Currency as their response to the growing global popularity of blockchain and cryptocurrency in the market, especially among the youth population, particularly those who are resident in Africa,” the company said.

The event is being sponsored by 9PSB, Appzone and other companies.

“One of our core principles at 9PSB is collaboration and which is why we are happy to collaborate with Intermac consulting to make this conference where important conversations about financial inclusion will be held a reality. This is because we are very passionate about ensuring the last-mile delivery of financial inclusion to the target audience. we do not believe they are the lowest of the low as quite a bit of them have a lot of cash lying around, we aim to make sure that everyone no matter where they are in the social structure of the economy can have easy access to the financial structure available. So it is not only a business collaboration for us it also has a social angle for us,” Shola Ogunyemi, head of Marketing Communication, 9PSB.

The conference will examine the potential implications, complexities, and risks associated with the proliferation of consumers using DeFi.

While a larger part of African countries has seen interesting use cases on DeFi as a global finance force set to simplify the banking processes, the global transaction banking industry now sees DeFi as a potentially significant growth engine and disruptive force.

DeFi applications will bring the advantage of trust, transparency, and easy access for every person in need of banking, as there are characteristics and key factors for financial services that have been lacking on the continent and have slowed down the rate of growth in Africa.

“Cryptocurrency platforms are the future of Africa. Through them, affordable seamless cross-border transfer of funds will become inexpensive,” the company said.

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Expert keynote speakers and panelists involved in fintech will address different verticals of the theme with respect to the practicality of achieving an enduring DeFi model in banking and finance across Africa’s highly competitive digital environment.

“We believe this is going to lead to a mass adoption of financial and payment products,” Francis Ogbuka, Chief Financial Officer of AppZone.

The 2022 Digital PayExpo conference will also feature an exhibition from sponsors.

360Hausa is a current Best Hausa Entertainment blog in Africa that specialized in providing you high quality content. 360Hausa was found and manage by Abubakar Yusuf Radda (B2 [D Promoter] Slayer). A Blogger, Ghost Writer & Content creator. Follow us on Social Media @360Hausa

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Business & Markets

MFS Africa acquires US-based global tech company

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MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company.

In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, on Tuesday announced that it has reached an agreement to buy Global Technology Partners (GTP).

Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. GTP’s client base covers 34 countries and is fully connected to the Visa, Mastercard, GIM, GIMAC and Verve networks for which it provides the processing.

This acquisition enables MFS Africa to further deepen its offering to Africa’s gig economy, the business travel market and the millions who eagerly want to participate in the global digital commerce through card credentials linked to mobile money wallets – rather than bank accounts – for seamless and secure online purchases. It also expands MFS Africa’s bank and fintech base and provides tokenisation for the mobile money world in connection with the traditional card scheme ecosystems such as Visa and Mastercard.

Founder and CEO of MFS Africa, Dare Okoudjou, said: “This is a momentous milestone for us and Africa’s tech ecosystem – on many levels. It’s something of a first for an African tech company to acquire a US tech company of GTP’s size and stature, and we’re delighted to be welcoming the GTP team to the MFS Africa family. Their expertise enables us to extend our value proposition of last-mile connectivity to African banks and to accelerate our offering of card connectivity to mobile money users and other fintech companies operating across the continent. The combined operations have immense and exciting growth potential, and with our extended portfolio, we are now truly an omnichannel payments company.”

Robert Merrick, founder and chairman of Global Technology Partners, commented: “GTP’s established position as Africa’s number one prepaid card processor has been built on its unique, flexible platform that actively helps prepaid cards to succeed. We have become the leader of prepaid cards in Africa because of our people, who have genuine in-depth knowledge not only of the prepaid card business but also of the realities that African card users face. We connect the right solution to the right markets with the right products. MFS Africa is an ideal home for GTP, and we are focused on adding new features and functionalities to our platform, signing up new clients, expanding into new countries, driving growth and making a significant contribution to growing MFS Africa’s business and its network of networks.”

Following GTP’s acquisition, MFS Africa plans to further invest in GTP’s current card programmes with banks and bring to these all the innovation and possibilities offered by the MFS Africa HUB – including seamless interoperability with Mobile Money.

The company will also leverage GTP’s stack to fast-track card programmes for MNOs and FinTechs across Africa. Lastly, MFS Africa intends to leverage GTP’s presence in the USA to expand its commercial activities in North America.

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