Remita Payment Services Limited (RPSL), a prominent player in the financial technology (fintech) sector, recently reaffirmed its dedication to advancing the industry by sponsoring the sixth edition of Nigerian Fintech Week, held in Lagos.
Nigerian Fintech Week has gained recognition as Africa's leading gathering of fintech visionaries and innovators, with a focus on promoting significant advancements, strategic partnerships, and transformative developments in the fintech ecosystem.
In line with its unwavering commitment to advancing the financial sector, Remita actively participated in the event as a sponsor and exhibitor. During the second day of Nigerian Fintech Week, 'Deremi Atanda, the Managing Director of Remita, delivered a keynote address titled "Fail fast, learn faster: Embracing failure as a path to success." In his address, he emphasized the importance of experimentation, fostering a culture of risk tolerance, and regarding failures as opportunities for rapid learning and innovation.
'’In our pursuit of innovation, we must understand that success often involves overcoming failures. Therefore, we must consciously embrace experimentation, break free from the constraints of a single framework, and use setbacks as stepping stones to progress. Remita once considered a failed project in 2005, now processes over $50 billion and millions of transactions. Indeed, failure is not a hindrance but a stepping stone to progress,’’ said 'Deremi.
As the fintech landscape in Nigeria and globally continues to evolve, the need for innovation, adaptability, and resilience becomes increasingly apparent. According to 'Deremi, companies aspiring to achieve significant success in the sector must consistently embrace new opportunities, form partnerships with traditional sectors, and accept the uncertainties that come with transformation.
"The evolving fintech landscape is marked by a growing middle class, digital adoption, and the democratization of financial services. It is an environment ripe for change, where businesses can redefine themselves and achieve success by adapting to the evolving needs of their customers," he added.
In a fireside chat session titled "Building Resilience: Insights from Executives," Mr. Ademola Igbalajobi, Managing Director of SystemSpecs Technology Services Limited (STSL), represented Mr. John Obaro, the Group Managing Director (GMD) of SystemSpecs Holdings. He stressed the importance of addressing customer challenges and delivering satisfaction as the key drivers of success for fintech startups. He advised businesses to prioritize these foundational elements before seeking funding, highlighting the significance of laying solid product groundwork and enhancing its quality before engaging with potential investors.
Likewise, Mr. Tokunbo Omonubi, Head of Products at Remita, shared valuable insights during a panel session focused on effective marketing for business growth and expansion. He emphasized the importance of creating products and services that genuinely impact consumers and stakeholders in the diverse contemporary business landscape.
"In today's diverse business environment, it is crucial to understand how these enterprises influence consumers. This understanding serves as the basis for establishing a harmonious connection between marketing strategies and product development, ultimately resulting in products that authentically address customer needs," stated Mr. Omonubi.
With a three-decade legacy of leadership, Remita has consistently played a pivotal role in shaping and transforming various aspects of the financial services value chain. Its enduring commitment to innovation and excellence has made it a driving force in the industry, setting new standards and contributing to the overall progress of the financial sector.
Remita was joined by over 50 other top organizations in the sector to showcase their cutting-edge technologies, contributing to a dynamic and innovative presentation of the latest advancements in the field.
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