.Speaking after the event, Eniolorunda described the launch as a significant milestone that reflects how far Nigeria’s payments industry has developed over the past decade, while also pointing to greater opportunities ahead if the ecosystem continues to evolve with intentional collaboration and innovation.He noted that while payment systems in Nigeria have expanded rapidly, the next phase of growth will focus on strengthening payments as a foundation for broader financial inclusion. According to him, this includes building additional financial services such as credit on top of existing payment infrastructure, leveraging the visibility and trust already established through digital transactions.Eniolorunda emphasized the importance of transaction data in expanding access to financial services, particularly credit for small and medium-sized businesses. He explained that responsibly used payment data can help unlock faster and more accessible lending opportunities for businesses that have traditionally been underserved by the formal financial system.The discussion also featured remarks aligned with the broader policy direction of the financial sector, including calls for deeper collaboration across regulators, banks, fintech companies, and other ecosystem players. These efforts, he noted, are essential to achieving the objectives of PSV 2028.The Governor of the Central Bank of Nigeria also underscored the need for innovation and a resilient payments ecosystem capable of driving financial inclusion and supporting economic growth.Eniolorunda further described Nigeria as one of the most dynamic fintech markets globally, stressing that the next chapter of growth must translate infrastructure gains into tangible economic prosperity for individuals and businesses nationwide.The launch of PSV 2028 is expected to guide the evolution of Nigeria’s payment systems over the coming years, with stakeholders optimistic about its potential to deepen financial access and accelerate economic development.){kind=link}
Prominent fintech executive and Co-Founder & Group CEO of Tosin Eniolorunda has highlighted the next stage of growth in Nigeria’s financial ecosystem following the official launch of the Nigeria Payments System Vision 2028 (PSV 2028).
Speaking after the event, Eniolorunda described the launch as a significant milestone that reflects how far Nigeria’s payments industry has developed over the past decade, while also pointing to greater opportunities ahead if the ecosystem continues to evolve with intentional collaboration and innovation.
He noted that while payment systems in Nigeria have expanded rapidly, the next phase of growth will focus on strengthening payments as a foundation for broader financial inclusion. According to him, this includes building additional financial services such as credit on top of existing payment infrastructure, leveraging the visibility and trust already established through digital transactions.
Eniolorunda emphasized the importance of transaction data in expanding access to financial services, particularly credit for small and medium-sized businesses. He explained that responsibly used payment data can help unlock faster and more accessible lending opportunities for businesses that have traditionally been underserved by the formal financial system.
The discussion also featured remarks aligned with the broader policy direction of the financial sector, including calls for deeper collaboration across regulators, banks, fintech companies, and other ecosystem players. These efforts, he noted, are essential to achieving the objectives of PSV 2028.
The Governor of the Central Bank of Nigeria also underscored the need for innovation and a resilient payments ecosystem capable of driving financial inclusion and supporting economic growth.
Eniolorunda further described Nigeria as one of the most dynamic fintech markets globally, stressing that the next chapter of growth must translate infrastructure gains into tangible economic prosperity for individuals and businesses nationwide.
The launch of PSV 2028 is expected to guide the evolution of Nigeria’s payment systems over the coming years, with stakeholders optimistic about its potential to deepen financial access and accelerate economic development.
Nigeria’s Payments Sector Enters New Growth Phase as Stakeholders Spotlight PSV 2028 Vision
Prominent fintech executive and Co-Founder & Group CEO of Tosin Eniolorunda has highlighted the next stage of growth in Nigeria’s financial ecosystem following the official launch of the Nigeria Payments System Vision 2028 (PSV 2028).
Speaking after the event, Eniolorunda described the launch as a significant milestone that reflects how far Nigeria’s payments industry has developed over the past decade, while also pointing to greater opportunities ahead if the ecosystem continues to evolve with intentional collaboration and innovation.
He noted that while payment systems in Nigeria have expanded rapidly, the next phase of growth will focus on strengthening payments as a foundation for broader financial inclusion. According to him, this includes building additional financial services such as credit on top of existing payment infrastructure, leveraging the visibility and trust already established through digital transactions.
Eniolorunda emphasized the importance of transaction data in expanding access to financial services, particularly credit for small and medium-sized businesses. He explained that responsibly used payment data can help unlock faster and more accessible lending opportunities for businesses that have traditionally been underserved by the formal financial system.
The discussion also featured remarks aligned with the broader policy direction of the financial sector, including calls for deeper collaboration across regulators, banks, fintech companies, and other ecosystem players. These efforts, he noted, are essential to achieving the objectives of PSV 2028.
The Governor of the Central Bank of Nigeria also underscored the need for innovation and a resilient payments ecosystem capable of driving financial inclusion and supporting economic growth.
Eniolorunda further described Nigeria as one of the most dynamic fintech markets globally, stressing that the next chapter of growth must translate infrastructure gains into tangible economic prosperity for individuals and businesses nationwide.
The launch of PSV 2028 is expected to guide the evolution of Nigeria’s payment systems over the coming years, with stakeholders optimistic about its potential to deepen financial access and accelerate economic development.