The move by the organisations was to transform seamless electronic payment in Africa through anti-money laundering payment processing services, fraud reduction, as well as iPayAnywhere solution, an end-to-end mobile-based payment solution that services the government, private sector and consumers.
According to him, “It allows GIFTS to have access to an initial market of over 200 million people by utilising TelNet’s large database of customers, and permits TelNet to extend its operation’s competencies into the Nigerian fintech space. He said as the fintech space is growing in Nigeria, there was the need to ensure that transactions, consumers, and the financial systems are protected for sustainability and integrity.
“Business opportunities abound in Nigeria, and the fintech sector is growing. I am confident that this international partnership will drive a new wave of world-class developments in fintech solutions,” he said.
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