L-R: Oladimeji Saka, Lead Retail Banking, 9 Payment Service Bank (9PSB), Seun Folorunsho, Assistant General Manager, Fintech Association of Nigeria, Branka Mracajac, Chief Executive Officer and Managing Director, 9 Payment Service Bank (9PSB), Inemesit Ekong, Team Lead, Marketing Communications 9PSB, Myra Abasiakara, Digital Marketing & Content Officer, 9PSB, Chukwuemeka Ugwu, Chief Compliance Officer, 9PSB, and Akeem Salam, Group Head, Business Development and Strategy, 9PSB, at the 2024 Nigeria Fintech Week, held recently at Landmark Event Centre, Victoria Island, Lagos.
Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), emphasized the need for innovation, investment, and strategic collaboration to accelerate the growth of Nigeria’s fintech sector during the 2024 Nigeria Fintech Week. The three-day event, themed “Positioning Africa’s Fintech Ecosystem to Accelerate Inclusive Growth,” brought together industry leaders to discuss the integration of advanced technologies like generative AI and the shift towards profitability-focused business models.
In her keynote address titled Powering Nigeria’s Fintech Ecosystem to Accelerate Growth, Mracajac highlighted Nigeria’s position at the forefront of Africa’s fintech revolution. She noted the impact of rising startups and foreign investments, with digital and mobile wallets transforming how financial services are delivered and extending access to millions of Nigerians.
L – R: Seun Folorunso, Assistant General Manager, Fintech Association of Nigeria; Branka Mracajac, Chief Executive Officer and Managing Director, 9 Payment Service Bank (9PSB); Inemesit Ekong, Team Lead, Marketing Communications, 9PSB, and Akeem Salam, Group Head, Business Development and Strategy, 9PSB, at the 2024 Nigeria Fintech Week held recently at Landmark Event Centre, Victoria Island, Lagos.
However, Mracajac underscored the challenges that remain, with over 28 million Nigerians still without access to financial services. She called for improvements in digital infrastructure and connectivity to bridge this gap, emphasizing that fintech products must be affordable and accessible to all segments of society.
“Building consumer trust is critical,” Mracajac said, urging fintech companies to prioritize data security and consumer education. She applauded efforts by the Central Bank of Nigeria and other regulators to support fintech innovation but stressed that continued regulatory backing is vital to protect consumers and foster sustainable growth.
Chief Executive Officer and Managing Director, 9 Payment Service Bank (9PSB) Branka Mracajac (Middle) and other staff of 9 Payment Service Bank (9PSB) at the 2024 Nigeria Fintech Week held recently at Landmark Event Centre, Victoria Island, Lagos.
Mracajac also pointed to the influx of investment capital as a significant driver of innovation, with many startups poised to address the country’s diverse financial needs. She emphasized the importance of partnerships within the industry to unlock the sector’s full potential.
“The future of Nigeria’s fintech sector is bright, but achieving its full potential will require collective efforts and innovative thinking from all stakeholders,” she concluded.
The Nigeria Fintech Week, an annual event, serves as a hub for fintech leaders and stakeholders to engage, share insights, and shape the future of the financial services industry in Nigeria.
