CHAMS receives Fintech Platinum Award
Chams Plc has been awarded the Fintech Platinum Award by the Fintech Association of Nigeria (FintechNGR). This award was presented by Ade Bajomo, President of FintechNGR at the virgin edition of The Fintech Platinum Awards in Lagos.
According to Bajomo, “Cham’s recognition with the Legacy Award (Corporate) 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.”
Cham’s outstanding excellence 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 such as; its groundbreaking work on e-payment through the formation of Valucard in collaboration with six top Nigerian banks; identity management through the first successful implementation of the Nigerian NationalID, the establishment of INEC Voters Database and Cards, SIMREG databases for NCC and Telcos, etc .; 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 resolving identity crises and limited fraud in Nigeria’s 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 facing Nigeria and beyond. “
Chams Executive Vice President Gavin Young, 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, deepened cooperation 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 2021 pandemic, fintechs 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 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.
