Xpress Payment Solutions Limited emerged as a prominent player at the Digivation Future Summit & Awards 2024, where Dr. (Mrs.) Markie Idowu, Group Managing Director of Xpress Payment Solutions, illuminated the company’s achievements and vision during the summit. She highlighted the impressive growth and innovation within Nigeria’s fintech sector, noting, “The fintech space in Nigeria is ahead of many major countries in terms of technological adoption. She pointed out that while instant transfer technology is just beginning to take hold in other nations, it has long been a staple of Nigeria’s payment ecosystem for a while.
Despite these advancements, Dr Markie acknowledged the critical challenges that remain. She stated that one of the major obstacles is the unreliable network infrastructure. Many Nigerians face difficulties accessing digital services due to poor connectivity. To address this, she emphasized the need for a robust telecommunications framework and greater educational initiatives. Additionally, she suggested need to enhance educational efforts to ensure that people understand and can fully utilize the opportunities provided by fintech innovations.
Idowu also highlighted Xpress Payment Solutions’ significant contributions to expanding financial inclusion across Nigeria. The company operates with over 50,000 agents spread across local government areas, each equipped with free POS systems and adequate training. This extensive network not only supports the growth of digital payments but also empowers local communities by providing them with essential tools and training.
Udeme Peters, Head of Product Development and Strategy at Xpress payment solutions, provided a nuanced perspective as a panelist, addressing both the achievements and challenges facing the sector while underscoring the organisation’s pivotal role in advancing Nigeria’s fintech landscape.
Peters’ panel discussion was one of the highlights of the summit, as he acknowledged the federal government’s efforts to enhance digital infrastructure. However, he argued that there is still significant work to be done. Stating that the government has made commendable strides, but must push for policies that will facilitate even greater access to online services for all citizens.
The summit concluded on a high note for Xpress Payment Solutions, as the company was honored with the award for the “Most Transformative Digital Payments Platform.” This accolade reflects the company’s dedication to innovation and its substantial impact on the evolution of digital payments in Nigeria. As the fintech sector continues to evolve, Xpress Payment Solutions stands at the forefront, driving progress and shaping the future of financial transactions in the region.
