Nigeria Strengthens Push for Cross-Border Digital Payments Through Interswitch Talks
The discussions underscored the growing importance of digital financial infrastructure in supporting economic integration across the continent.
Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Interswitch Founder and Group Managing Director Mitchell Elegbe for a strategic discussion focused on strengthening the country’s digital payments ecosystem and advancing cross-border payment solutions across Africa.
The meeting explored innovative strategies to reduce the cost of cross-border transactions, improve the efficiency of remittance services, promote local currency settlements, and facilitate regional trade under the African Continental Free Trade Area (AfCFTA). The discussions underscored the growing importance of digital financial infrastructure in supporting economic integration across the continent.
The engagement reflects the Federal Government’s commitment to fostering stronger public-private partnerships that drive financial innovation and expand digital infrastructure. It also aligns with Nigeria’s broader ambition to reinforce its position as a leading fintech and digital payments hub in Africa through collaboration with key industry players such as Interswitch.
