The Central Bank of Nigeria (CBN) will be addressing key issues confronting the e-payment industry at a Bi-Monthly Forum organised by the Finance Correspondents Association of Nigeria (FICAN).

Emefiele CBN Governor

The event, with the theme: ‘Electronic Payment Industry, Performance & Regulatory Issues,’ will hold this week in Lagos at the FICAN Centre.

The Guest Speaker, Director, Banking & Payment Systems Department, CBN,  Mr. ‘Dipo Fatokun, will address participants on issues that have shaped the electronic payment industry in the last seven months. He will equally look at performances of critical stakeholders especially banks and regulators involved in the electronic banking space.

Fatokun will be addressing issues around banking security, cyber-attacks, and impact of the cash-less banking policy implementation on the economy. There will also be discussions around the Bank Verification Number (BVN) enrolment, mobile banking, internet banking, and how regulators are tackling challenges that come with execution of these initiatives.

Issues around electronic payment frauds, customer due diligence, and Know Your Customer (KYC) policy guidelines will equally be discussed by the apex bank director.

A statement from the association says it is aware that banking in Nigeria is becoming highly dependent on technology. This has brought about challenges that need the collaboration of key stakeholders including banks and their customers to be fixed.