Chief Executive Officer, Diamond Bank Plc, Uzoma Dozie, has urged banks to provide payment solutions that will not only facilitate efficient payment processes, but equally shape the future of businesses in the country.
The position was highlighted on his LinkedIn page. Titled: “Five Key Learnings from Tech Turks”, the article focused on key trends in his interviews with various digital entrepreneurs on Tech Turks – an online video series on Diamond TV.
Common trends in the series include, market readiness, the importance of having a vision, prioritising consumer awareness, leveraging technology and finding solutions to challenges with payments.
Commenting on finding solutions to the common challenge of payments, he said in a country where 80 per cent of all payments are made in cash, it is a major challenge for any technology inclined business to drive and induce people to make online payments.
Dozie quoted Nkiru Balonwu of Spinlet saying: “It’s easy to get a week long or month long paid subscription from European/American countries using PayPal for instance, but that’s not the case with Nigeria, as people often don’t trust the concept of cashless transaction.”
Diamond Bank Plc is Nigeria’s fastest growing retail bank, leveraging innovation and technology
