eTranzact Advocates Digital Payments for Tax Improvement

Niyi Toluwalop, the Managing Director and Chief Executive Officer of eTranzact PLC, addressed the Nigeria Employers Consult Association summit in Abuja, stating that digital payments can significantly improve tax administration and public service delivery. He noted that digital payments have evolved beyond mere financial transactions to become essential drivers of economic growth.

Toluwalop highlighted Nigeria's progress in digital identification, with over 100 million national identification numbers and 60 million bank verification numbers. He emphasized the need for a robust digital public infrastructure, built on three pillars: digital identity, trust, and data exchange.

The company aims to support government institutions and businesses in enhancing service delivery efficiency through technological solutions. eTranzact's initiatives include various digital solutions designed to improve operational efficiency and transparency. Toluwalop reaffirmed the company's commitment to working with both federal and state governments to build trust in digital payment infrastructure, which is crucial for ongoing reforms and economic growth.