In a bold call to action, Dipo Fatokun, Chairman of Flutterwave Technologies Solutions Limited, emphasized the urgent need for greater collaboration within Nigeria’s fintech ecosystem. According to Fatokun, a unified approach among stakeholders including regulators, fintech innovators, banks, and consumers is essential for building a secure and inclusive digital economy.
Drawing from his years of experience at the Central Bank of Nigeria, Fatokun explained that building a stronger financial infrastructure requires more than isolated innovation. It demands synergy, transparency, and shared responsibility. He stated that when stakeholders unite and collaborate, the financial system becomes stronger and innovation becomes more sustainable.
The fintech industry in Nigeria is evolving rapidly, but growth without structure can lead to security gaps and regulatory challenges. Promoting collaboration within the ecosystem is Flutterwave’s approach to bridging these gaps, encouraging innovation, and safeguarding digital transactions.
One example of this commitment is Flutterwave’s partnership with the Economic and Financial Crimes Commission. Together, they established a Cybercrime Research Center focused on combating financial fraud and promoting digital payment safety.
Flutterwave also collaborated with the Committee of e-Business Industry Heads for the 2022 Conference, which emphasized improving payment security across the fintech landscape. These efforts reflect the company’s consistent push for strategic partnerships that create a safer and more robust financial environment.
For Nigeria to fully harness its digital economy potential, fintech leaders must prioritize collaboration over competition. When the ecosystem thrives collectively, businesses scale faster, users enjoy safer digital services, and the nation benefits from deeper financial inclusion.
Source: The Guardian
