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Naira notes

Managing Director of Intermac Consulting Limited, Mr. Adeyinka Adeyemi, has said that with an estimated annual growth of 38 per cent in electronic transactions across the African region, there was a clear indication that Nigeria was fast becoming vibrant in the area of electronic transactions.
Adeyemi, who spoke to journalists at an Intermac press briefing in Lagos recently, said the growth was in addition to policies given by the FG which mandates all government payments to be made electronically.
According to him, this year’s intermac expo event tagged ‘Card, ATM and Mobile Expo’ scheduled to hold in Lagos in June at Civic Centre, Lagos would further turn the spotlight on the issues concerning the consumers and users of e-payments produces and services across Africa.
“We are also advocating policy intervention by government of other African countries, to follow the Nigerian example by providing the right regulatory framework for e-payments to thrive and grow as this trend will have huge positive impact on the economy at macro levels”, he explained.
He said this year’s event was planned to attract about 1,000 participants daily given the level of mobilisation and roadshow that the company was rolling out to attract the projected participation.
“About 1000 participants from within and outside Nigeria are expected to attend this years’ edition of an annual electronic payment system expo being organised by Intermac Consulting Limited, a leading e-payment system- focused firm in the country.
“Following the policy decision of the Federal Government to regulate the payment systems space by prohibiting cash withdraw of over N500,000 for individuals and N3 million for corporate by June, 2012, the theme of this year’s edition of the expo has been centred around ‘Acceptance and Usage: Winning Payment Ecosystem Dynamics,’”, he added.
Adeyemi stated that the expo has been structured this year to focus more on the acceptance, usage and education of the general publish on the payment systems, adding that buses would be provided to convey willing visitors to the venue.
He said the event would include a high profile personnel, ministries, chief executives of banks and leading e-payment service providers from within and outside Nigeria.
While naming Mastercard Worldwide, Diamond Bank, Zenith Bank, SecureID, Altech West Africa and Access Bank as key sponsors of the event, Adeyemi said the event would be attended by exhibitors including the Central Bank of Nigeria (CBN).
Other highlights of the three-day event include eight technical forums each focusing on specific payment system; eight open seminar targeted at the general public; two Master classes for industry players seeking knowledge; VIP network cocktail, eBusiness Award and Dinner; freebies for visitors and exhibition tour  and a raffle draw after each day’s event.
The Intermac CEO said, as a leading international event in the African region, the expo has established itself as the most appropriate platform to analyse and envision what the future for electronic payment may look like, bearing in mind the peculiarities of the region.

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