Experts and Stakeholders at that fourth quarter 2018 edition of the point of sales (PoS) innovation summit are gearing up to discuss, explore and examine the dynamics of the Shared Agent Network Expansion Facility (SANEF) initiative, powered by the Central Bank of Nigeria and Deposit Money Banks, which aims to accelerate the financial inclusion goals in Nigeria.
The SANEF initiative is designed to spur quick growth in the level of financial inclusion through availability of financial access points, and drive the Federal Government’s Social investment Program (SlP)which relies on improved banking agent network coverage points.
With the theme; ‘Pricing and Shared Agent Viability’, the organisers of the summit, Global Accelerex Limited, a leading payment terminal service provider and payment solution service providers, say that the keynote speaker; Sam Okojere, director of payment system management, Central Bank of Nigeria which is a new department carved out by the CBN to have oversight function on the payment system industry in Nigeria, will charge, will charge stakeholders to take advantage of the capabilities of the Shared Agent Network Expansion Program to achieve financial inclusion goals of the PSV 20:2020.
Other keynote speaker, Edwin Otieno, head, agent banking, Kenya Commercial Bank, Kenya, will also deliver insightful and engaging presentations.
According to Global Accelerex, the panel discussion segment will feature industry experts including, Niyi Ajao, Ag managing director, Nigeria inter-bank settlement system (NIBSS), Bunmi Lawson, director, EFInA and former MD Accion micro finance bank, Emmanuel Agha, MD, Innovectives and Jay Alabraba, COO, Pagatech.
“To achieve the lofty ideals and objectives of SANEF, there must be concerted effort towards promoting agent banking through the shared agent network approach. This requires the attention of relevant industry stakeholders who will convene, deliberate and educate participants at the Summit,” says Kayode Ariyo, executive director, business development and COO of Global Accelerex.
The SANEF project seeks to deepen financial inclusion through an integrated ecosystem with strong regulatory oversight, consumer protection and interoperable payment system with limited concentration risk.
The initiative involves on-boarding 40 million low income and unserved Nigerians into the financial system, increasing financial access points from the current 50,000 to 500,000 by 2020 and deepening access to mobile and digital financial products and services such as savings accounts, micro loans, insurance and pensions.
Over 200 delegates are expected to attend the summit in Lagos on 12, December 2018, and will have the opportunity to contribute to the general forum and deliberations that will shape the future of payments in Africa.
The PoS Innovation Summit is a quarterly platform which seeks to ensure innovative and sustainable growth of the e-payment industry in Nigeria.
Tags: financial inclusion