Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has successfully kicked off the highly anticipated TechConnect 4.0 series in Enugu. Themed “Unlocking Growth Opportunities through Technology and Innovation,” the event convened industry leaders, technology experts, and stakeholders from across the financial and technology sectors to explore how digital solutions can drive business growth and economic development in Nigeria.
The event, which was held at Best Western Hotel, Enugu, provided a dynamic platform for insightful discussions, products demonstration, and networking opportunities, with major focus on the transformative role of digitization, particularly in the microfinance and financial technology sectors. As a key driver of conversations around digital transformation, the event showcased how technology can unlock immense opportunities across various industries, especially in underserved markets.
In his keynote speech titled “The Digital Transformation of Microfinance Banking: Challenges and Opportunities,” Akeem Lawal, Managing Director, Payment Processing and Switching at Interswitch Purepay, represented by Emmanuel Nwokocha, Head of Sales, South-South, Interswitch, emphasized the evolving financial landscape and the necessity for microfinance banks (MFBs) to embrace technology to stay competitive and effective.
“We are entering a phase where digital transformation is no longer optional but essential for the survival and growth of microfinance. For microfinance banks to successfully latch onto the benefits of digital transformation, partnerships are critical. This means collaboration between MFBs, financial technology companies, mobile network operators, government agencies, and development organisations by working together, resources can be harnessed, share expertise, and drive innovation to meet the demands of today’s financial ecosystem,” he noted.
He further highlighted Interswitch’s commitment to empowering microfinance institutions:
“At Interswitch, we understand the significance of these partnerships, which is why we provide not just technology, but also the tools and platforms that ensure seamless digital transformations. Our digital payment gateways, data solutions, and infrastructure are purpose-built to support MFBs in navigating this transformation confidently.”
A highlight of the event was the panel discussion titled “The Future of Microfinance – Transforming Microfinance through Digitization.” The session brought together leading microfinance practitioners, policymakers, and technology innovators, who highlighted the growing need for microfinance institutions to continuously embrace digital transformation. They discussed how adopting digital platforms enhances financial inclusion, improves operational efficiency, and scale services to a broader customer base.
Also among the event’s highlights was a Fireside Chat titled “The Role of Government and Fintech in Fostering Digital Economy – Initiatives/Contributions, Challenges, Opportunities”. This engaging session featured representatives from Interswitch and the government discussing the continuous need for collaboration between the public and private sectors.
This event marks the beginning of the TechConnect 4.0 series, by visiting major cities across Nigeria, including Asaba, Abuja, and Ibadan, with the grand finale set for Lagos. Each stop will address region-specific challenges and opportunities, fostering collaboration between indigenous businesses and industry leaders to drive the adoption of cutting-edge technology solutions.
With a successful launch in Enugu, Interswitch continues its mission to unlock growth through technology and innovation, empowering businesses and communities across Nigeria to harness the immense potential of the digital economy.
