By Dipo Olowookere
The Managing Director of VFD Microfinance Bank, Mr Gbenga Omolokun, has called for the establishment of a roadmap for financial technology (fintech) for Nigeria.
According to Mr Omolokun, this fintech roadmap will put in proper perspective effective ways to deepen financial services utilisation and inclusion in the country and bring more unbanked Nigerians into the system.
“There is a need to focus on strengthening collaboration to ensure fintech adoption, deepen financial service utilisation and inclusion.
“We need to build a fintech roadmap for the country and make sure technology plays an active role in financial inclusion for many unbanked Nigerians,” the financial expert said at the Nigeria Fintech Week held in Lagos between October 25 and 29, 2021.
Business Post reports that the session deliberated on the topic Disruption Disrupted and how the COVID-19 pandemic disrupted business activities for tech companies around the world including fintech.
The Senior Product Manager at VBank, Mr Ebere Ahaotu, while speaking at the event, urged participants to embrace new technology, maintaining that, “The future belongs to fintech who can remain agile while continuously exploring and adopting innovative, new ways of doing things. These are the businesses that will thrive in the face of disruptions.”
It was gathered that the VBank sponsored Nigeria Fintech Week brought together over one million participants from multiple locations in and out of Nigeria.
Launched on March 25, 2020, VBank is a next-generation bank powered by VFD Microfinance Bank. The digital bank has onboarded over 250,000 individuals and businesses and processed transactions worth billions on its mobile banking platform across Nigeria.
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