Chams receives fintech platinum award
According to Bajomo, “Chams’ recognition of the Legacy Award (Corporates) is a result of the role the company played and continues to play in facilitating the Fintech industry’s growth and prosperity in Nigeria and Africa.”
Chams’ unique skill in the fintech field is not only profound, but a fundamental catalyst for change that has brought tremendous economic, security and social growth to Nigeria. The company has achieved success through major projects, especially through its pioneering work in e-payment through the formation of Valucard in collaboration with six top Nigerian banks; identity management through the first successful implementation of the Nigerian National ID, the establishment of INEC Voters Database and Cards, SIMREG databases for NCC and Telcos, etc.
Through its four subsidiaries, the company also delivers a wide range of innovative digital services in the private sector consumer and business segments. ChamsSwitch’s subsidiary for payment solutions is one of the major exchange companies in Nigeria and manages up to four payment platforms in Nigeria, including Naira.com, Pelpay, Naira Plus, SwitchPay. Its flexible technology models cover the entire value chain of electronic payments, and orchestrate all aspects of online payment in Nigeria from cash withdrawals and electronic money transfers to card and ATM transactions.
In addition, it is the first home-grown company listed in the Guinness Book of Records to set up the mega ChamsCity Digital Mall, and also the first computer technology company listed on the Nigerian stock exchange. Chams implemented Nigeria’s Biometric Verification Number (BVN) which greatly contributes to solving the identity crises and limited fraud in the Nigerian banking system.
Sir Demola Aladekomo, founder and chairman of Chams Holdco, expresses his views on this, “We appreciate the honor and the award. Our goal is not to give in, but to continue to innovate and promote fintech solutions for a myriad of social and economic challenges Nigeria and beyond are facing. ”
Gavin Young, CEO of Chams, who received the award on behalf of the company, stressed the need for smart regulation that will deepen the sector, attract more investment and transform lives through increased opportunities for the bustling African youth.
The aim of the award was to celebrate the best of Fintech Innovators and Startups that have contributed to the Nigerian economy, and deepened the collaboration between individuals and business institutions. Which uses innovation to solve national challenges, create employment, put Nigeria at the center of innovation in Africa, and as a force to be reckoned with in the global technology landscape. FintechNGR believes that these will eventually prepare the nation to play actively in the fourth industrial revolution.
Despite the effects of the pandemic in 2021, fintech in Nigeria received $ 1.37b out of $ 4bd raised by Africa. According to Finshots, Nigeria ranked 6th in real-time payments.
Chams is a proud Nigerian company that has been in business for over 38 years. It is listed on the Nigerian Stock Exchange and is among the leading exchange companies in Nigeria, known for having championed e-payment, identity management and other major initiatives in Nigeria; including BVN and INEC projects. It has migrated to deliver fintech and other innovative digital solutions.
FintechNGR is the leading platform for coordinating fintech activities in Nigeria.
#FeaturedPost #FeatureByCHAMS
