- Banking On e-payment: towards a cashless economy by Mark O’ Flynn

By Mark O’Flynn, Sales Director, Middle East & Africa, VeriFone EMEA

Based out of Muscat in the Sultanate of Oman and London, Mark O’Flynn is responsible for managing VeriFone’s sales and channel relationships across the Middle East and Africa. Here he explores how card payment solutions are helping to transform the payment landscape in West Africa, and takes a closer look at how, over the last three years, the payment infrastructure in Nigeria has undergone a rapid evolution.

Electronic payment is playing a key role in boosting financial transactions within West Africa and is fast tracking wide-ranging changes in the region’s economy. With the adoption of electronic payment channels - including cards, ATMs, POS terminals, mobile phones and the Internet – transactions that are lower cost, more predictable, more convenient and transparent have become a reality.

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