{"id":58443,"date":"2022-04-27T14:33:30","date_gmt":"2022-04-27T13:33:30","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=58443"},"modified":"2022-04-27T14:33:30","modified_gmt":"2022-04-27T13:33:30","slug":"ecobank-is-preferred-financial-partner-for-fintechs-seeking-pan-african-expansion-tayo-oviosu-paga-group","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ecobank-is-preferred-financial-partner-for-fintechs-seeking-pan-african-expansion-tayo-oviosu-paga-group\/","title":{"rendered":"\u201cEcobank Is Preferred Financial Partner For Fintechs Seeking Pan African Expansion\u201d- Tayo Oviosu, Paga Group"},"content":{"rendered":"

The Chief Executive Officer, Paga Group, Tayo Oviosu says Fintechs in the country could explore the massive opportunities available in the pan African banking group; Ecobank, to grow and expand their business locally and across the African continent.<\/p>\n

\"\"Oviosu who was speaking on the topic \u201cPan-African expansion opportunities and challenges\u201d at the hybrid maiden Ecobank Fintech Breakfast Series: \u2018Partnering for a stronger ecosystem\u2019 submitted that Fintechs could leverage Ecobank\u2019s footprint, infrastructure and network across Africa including the in-depth knowledge of regulatory policies and legal requirements in respective countries to achieve their growth and expansion goal.<\/p>\n

According to him, \u201cBanks should not be afraid to do business with Fintechs. Partnership and collaboration are welcome. That is the practice all over the world. Technology is evolving. Ecobank\u2019s pan African presence is ideal for such partnership. Fintechs can leverage on the bank\u2019s footprints across geographies, market knowledge and experience in the legal entities and launch out. They must find a partner that has strength in what they are looking for like the Ecobank pan African switch, finance, technology and leverage it.\u201d<\/p>\n

He further advised Fintechs considering expansion to other countries to \u201cdo their due diligence, understand the cultural nuances of the environment and how friendly the country is to foreign businesses. Take note of your type of business, the available opportunities, challenges, and the scale you are building. It is fine to assemble a local team that will help you understand the environment better.\u201d<\/p>\n

In his comment on \u201cHow bank-Fintech collaborations can drive ecosystem growth\u201d, Group Head, Payments, Cash Management and Client Access, Ecobank Group, Isaac Kamuta, reconfirmed Ecobank\u2019s commitment to supporting African Fintechs to grow. \u201cAs a bank, we are committed to supporting anybody out there that has a dream to succeed and that was why Ecobank was started. It was established to help Africans and deliver banking services to Africans on the continent. So, we have a mission in ensuring that any African that has a dream, can get that dream fulfilled. We want everybody to succeed, we want more and more unicorns to come out of Africa- generate employment and make financial services available to everybody, irrespective of their location or economic class. It is not enough to just have a solution; it is more about the execution. With the experience we have in this sector, we are always able to provide advisory service and help would-be unicorns to build and scale.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cAs a bank, we cover all the key sectors, working with everybody from Agriculture to transport, telecommunications amongst others. We provide insight through a pan African banking mindset, and not just Nigeria\u2019s point of view because we operate in 33 countries in Africa. We are always going to sit down with you, listen to the problems, bring in the African perspective, the local knowledge, and the country\u2019s origin. And of course, governance is important\u201d.<\/p>\n

Earlier in his welcome address, Managing Director, Ecobank Nigeria, Bolaji Lawal said the Fintech Breakfast Series is to learn and share ideas among players in the industry, stating that such partnerships and collaboration will expand the ecosystem and make the environment better to grow the nation\u2019s economy. \u201cMany believe banks and Fintech are competitors. That is not true. This seminar is on how Fintech firms can find and nurture partnerships with banks, and how they can leverage these partnerships to grow and expand across the continent. It is an opportunity for Fintech founders and executives to say what they are looking for from banks. It will also deepen skills for businesses and grow knowledge of the financial services industry.\u201d He stated.<\/p>\n

Other speakers at the event included Co-founder & CEO, Bankly, Tomilola Majekodunmi and Africa Partner, QED, Gbenga Ajayi.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chief Executive Officer, Paga Group, Tayo Oviosu says Fintechs in the country could explore the massive opportunities available in the pan African banking group; Ecobank, to grow and expand their business locally and across the African continent.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9528,9529],"coauthors":[2391],"class_list":["post-58443","post","type-post","status-publish","format-standard","","category-business","category-news","tag-paga-group","tag-tayo-oviosu"],"yoast_head":"\n\u201cEcobank Is Preferred Financial Partner For Fintechs Seeking Pan African Expansion\u201d- Tayo Oviosu, Paga Group - National Wire<\/title>\n<meta name=\"description\" content=\"The Chief Executive Officer, Paga Group, Tayo Oviosu says Fintechs in the country could explore the massive opportunities\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ecobank-is-preferred-financial-partner-for-fintechs-seeking-pan-african-expansion-tayo-oviosu-paga-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cEcobank Is Preferred Financial Partner For Fintechs Seeking Pan African Expansion\u201d- Tayo Oviosu, Paga Group - 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