Fintech strategic to economic growth –Express Payments

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The Group Head, Switching, Processing and Terminal Services, Xpress Payments Solutions Limited td, Oluwatoyin Albert, has said that financial technology remains a innovative way to satisfy businesses and customers’ needs.

Albert spoke at the just conclude Lagos Fintech Week 2019 with the theme, “Fintech: Exploring the huge opportunities, according to a statement on Friday.

She said, “Before now, in more than 15 years ago, the e-payment space actually gives you what they have; but now, customers demand what they ask. We have a platform, a value added platform where we talk about lifestyle.

“Fintech has brought a lot to the economy to transact easier and movement of funds is actually easy for everybody. That helps to grow the economy.

“An economy without anything happening is not an economy. So what the fintechs have been able to do is to actually innovate, collaborate and ensure that we have products that actually meet the need of customers.

“Consumer behaviour is changing and it will continue to change,” she said.

She said that complaints from customers over reversals from point of sale terminals were an industrial matter, adding that relevant organisations were collaborating with stakeholders to resolve the issue.


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