TECHDIGEST – In a remarkable display of innovation and entrepreneurship, a Nigerian startup, Nearpays Technology Limited has emerged best in the Fintech and Blockchain category of the Supernova Challenge at GITEX Africa, Morocco. Nearpays was awarded a cash prize of 10,000 US Dollars and free all-expenses trip to GITEX Global to be hosted by the Dubai World Trade Center in the United Arab Emirates, in October, 2023.

Nearpays is a full-service financial payment platform that acts as an end-to-end financial service for clients. It has various features to simplify online payments as much as possible, based on the principle that payments should be seamless. It also offers a wide range of services including personal and corporate banking, virtual debit cards, and online banking.

The platform, founded by Victor Daniyan, uses blockchain technology to create a decentralised payment and makes the network more secure and efficient than traditional payment systems.

As a fintech payment company that seeks to promote financial inclusion by making card transactions more accessible and convenient through the use of NFC and scan-to-pay technology. Nearpays is currently making inroads into the Nigerian market aims to expand into other African markets and has plans to launch its services in Europe and the United States in the near future.

Kashifu Inuwa CCIE, Director General of the National Information Technology Development Agency (NITDA), commended Nearpays for, yet again, putting Nigeria’s name on the global stage, adding that the victory was a “proud moment for Nigeria and that it was a testament to the hard work and dedication of the company’s founders and team”.
Inuwa also said that the Nigerian government is committed to creating a favorable environment for startups and that it would continue to support the sector.

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“The government is committed to creating a conducive environment for the growth of the startup ecosystem. We will continue to provide support to startups through enabling policies, programs, and initiatives”, he added.

He further said that the Nigerian government has made a number of policies in recent years, particularly the National Digital Economy Policy and Strategy (NDEPS) that provides a favorable environment for digital innovation and entrepreneurship to thrive. In addition, the Nigerian government equally enacted the Nigeria Startup Act (NSA) to provide an enabling environment for the establishment, development and operation of startups in Nigeria.

“The government’s policies have helped to attract investments in the Nigerian digital economy sector and have led to the growth of a number of thriving startups, such as Nearpays. The government’s continued support for the sector is helping Nigeria to become a leading hub for talent and innovation in the world.”

“The success of Nearpays is a testament to the potential of the Nigerian startup ecosystem. The country has a large and growing population of young and tech-savvy entrepreneurs. With the support of the government, these entrepreneurs are poised to make a significant impact on the global economy,” he added.

Victor Daniyan, the CEO and Co-founder of Nearspays, while appreciating the honour, said that the award is a “significant milestone” for the company and that it would “help us to further accelerate our growth and expansion plans.”

He also said that it was “an honour to represent Nigeria at the global stage” and that they are “committed to using technology to solve some of the most pressing challenges facing Africa.”

Nearpays’s victory at GITEX Africa Morocco is a sign of many things to come for the Nigerian startup ecosystem, especially now that the Nigeria Startup Act is in the implementation stage. The country has a large and growing population of young and tech-savvy entrepreneurs. With the support of the government, these entrepreneurs are poised to make a significant impact on the global economy.
Sixty-seven (67) Nigerian startups participated at inaugural edition of GITEX Africa, which reaffirmed the country’s burgeoning tech ecosystem, and provided a platform for them to exhibit their cutting-edge ideas, gain invaluable exposure from the global tech community, and attract potential investments that will catalyze Nigeria’s digital economy.

As Nigerian startups continue to shine on the global stage, they are reshaping the narrative around Africa’s tech potential. With their innovative ideas, entrepreneurial drive, and the support of the government and international investors, Nigerian startups are poised to drive a transformative change, positioning the country at the forefront of technological innovation in Africa and beyond.

The post Nigerian Startup, NearPays Wins Big At GITEX Africa  appeared first on Tech Digest News.

 By Mubarak Umar

TECHDIGEST – Nigeria’s participation at GITEX Africa, held in Morocco from 31st May to 2nd June 2023, has been nothing short of phenomenal, leaving a lasting impression on attendees from around the world. The outing provided a glimpse into the country’s vibrant tech innovation ecosystem which has been thriving in recent years.

GITEX Africa, brought together industry leaders, innovators, investors, and policymakers to explore the latest advancements in technology and digital transformation across the continent. Nigeria, known for its thriving tech ecosystem, participated in the event with a strong delegation, showcasing the country’s innovative startups, its commitment to digital transformation and digital literacy.

Nigeria’s participation aims at attracting investment and foster partnerships with global stakeholders. The country’s delegation focused on showcasing the country’s innovative startups, which have been making waves in various sectors, including fintech, healthtech, proptech agritech, and e-commerce. These startups are at the forefront of Nigeria’s digital revolution, bringing cutting-edge solutions to pressing challenges and contributing to the country’s economic growth.

The Nigerian startups’ ingenuity and entrepreneurial spirit captivated investors and industry experts at GITEX Africa. Their ability to identify pressing challenges and develop innovative solutions not only showcases Nigeria’s potential but also highlights the vast opportunities available for investors seeking to tap into the country’s vibrant tech ecosystem. Nigeria’s commitment to fostering an enabling environment for startups, including regulatory reforms and investment incentives, further enhances its appeal as an investment destination.

Beyond the startup showcase, Nigeria’s digital transformation efforts were part of the discussion at the event.

In his numerous engagements, Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, who was represented by Dr. Aristotle Onumo, Director of Corporate Planning and Strategy, stressed the importance of collaboration between governments, industry and academia including the entrepreneurs and venture capitalist in order to accelerate digital transformation in Africa.

He called on African countries to work together to develop common standards and regulations for the digital economy with a focus on a single digital market for Africa and to promote the adoption of digital technologies across all sectors of the economy.

Inuwa also said outlined how Nigeria is investing heavily in digital skills development, with a number of initiatives aimed at training young people in the latest digital technologies.

He listed various initiatives undertaken by NITDA, such as National Adopted Village for Smart Agriculture (NITDA), National Adopted School for Smart Education, Technology Innovation and Entrepreneurship Support (TIES) Scheme, and Digital Literacy Programmes among others, to promote digital economy in Nigeria.

Inuwa further expressed Nigeria’s commitment to collaborating the secretariat of the Smart African Alliance and the Council of African Information and Technology Agencies (CAITA) and other African nations to collectively address challenges and explore opportunities in the digital realm, while emphasising the need for increased investment in research and development, capacity building, and policy harmonisation to foster a vibrant and inclusive digital ecosystem across the African continent.

Engr Ya’u Garba, National Director of Nigeria’s National Centre for Artificial Intelligence and Robotics (NCAIR), delivered a compelling presentation on AI and its impact on various industries.

Garba highlighted Nigeria’s progress in AI research and development and emphasised the country’s potential to become a leader in AI innovation.

He discussed the application of AI in sectors such as healthcare, agriculture, transportation, and education, and how AI-driven solutions can address critical challenges and improve efficiency.

The Special Assistant to Director General of NITDA on Strategy and Innovation , Mrs Iklima Musa also spoke on Nigeria’s efforts to bridge the digital divide and enhance digital skills among its citizens.

Musa emphasised the importance of digital literacy in driving inclusive growth and empowering individuals with the necessary skills for the digital age.

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She highlighted the initiatives undertaken by the Nigerian government and various organisations to provide digital training and capacity building programmes, ensuring that all Nigerians have the opportunity to participate in the digital economy.

Sixty-seven (67) Nigerian startups participated at the inaugural edition of GITEX Africa, which reaffirmed the country’s burgeoning tech ecosystem, and provided a platform for them to exhibit their cutting-edge ideas, gain invaluable exposure from the global tech community, and attract potential investments that will catalyze Nigeria’s digital economy.

As the curtains of GITEX Africa was about to close, Nigerian startup, Nearpays Technology Limited emerged best in the Fintech and Blockchain category of the Supernova Challenge, and was awarded a cash prize of 10,000 US Dollars and free all-expenses trip to GITEX Global that will be hosted by the Dubai World Trade Center in the United Arab Emirates, in October, 2023.

Nearpays, co-founded by Victor Daniyan, is a full-service financial payment platform that acts as an end-to-end financial service for clients. It has various features to simplify online payments as much as possible, based on the principle that payments should be seamless. It also offers a wide range of services including personal and corporate banking, virtual debit cards, and online banking.

The participation of Nigeria at GITEX Africa has not only raised the country’s profile but also reinforced its position as a key player in the global tech ecosystem.

By embracing innovation, fostering entrepreneurship, and actively promoting digital transformation, Nigeria has laid a strong foundation for sustainable growth and development.

Nigeria invites investors, visionaries, and tech enthusiasts from around the world to join in its transformative journey. The opportunities for collaboration and investment in Nigeria’s tech ecosystem are immense, and the time to seize them is now.

The post GITEX Africa And Nigeria’s Phenomenal Display Of Innovation  appeared first on Tech Digest News.