Sumsub – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 29 Sep 2025 07:24:00 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Sumsub – Tech | Business | Economy https://techeconomy.ng 32 32 Nigeria Fintech Week 2025 (NFW25) Unveils Lineup of Sponsors https://techeconomy.ng/nigeria-fintech-week-2025-nfw25-unveils-lineup-of-sponsors/ https://techeconomy.ng/nigeria-fintech-week-2025-nfw25-unveils-lineup-of-sponsors/#comments Mon, 29 Sep 2025 07:23:37 +0000 https://techeconomy.ng/?p=168297 Global business leaders and Nigeria’s boldest innovators are converging at Nigeria Fintech Week 2025 (NFW25), where the future of Africa’s digital economy will be orchestrated.

From fintech to agri-tech, lifestyle, entertainment to healthtech, compliance, AI, investor’s forum, the event is set to showcase how fintech is not limited to just the finance sector; it’s the orchestrator of how economies live, move, trade, and connect.

With the theme, “The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future,” the event has attracted an impressive lineup of sponsors and partners, including FirstBank, Sumsub, Huawei, Mastercard, PAPSS, Zenith, Rwanda Finance, Network International, among others.

This united front signals outcomes bigger than a single organization. It means stronger credibility, deeper investments, and practical solutions designed to reach real people..

With many sponsors returning year after year, it’s clear that Nigeria Fintech Week has earned the trust of the digital ecosystem, while charting the path to sustainable economic growth and inclusion across Nigeria and Africa.

“Huawei has been a proud sponsor of Nigeria Fintech Week for some years now, because we see it as more than an event,” noted, Huawei spokesperson. “This year’s theme, ‘The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future,’ resonates deeply with us, as we continue to invest in the technology that connects people, businesses, and opportunities.”

At NFW25, sponsors are not just getting brand visibility; they’ll be driving conversations, hosting product demos, and activating sessions around the industries they care about most.

With over 20,000 industry professionals expected to participate across Lagos, Abuja, and Enugu, the event promises an unparalleled hub for networking, deal-making, and knowledge exchange. Attendees will have the exclusive chance to engage directly with executives and decision-makers from these leading organizations at their activations and booths.

Registration for Nigeria Fintech Week 2025 is free. Secure your spot at nfw.fintechng.org to connect with the innovators and leaders orchestrating Africa’s digital future.

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How Sumsub Boosts Conversion in Nigeria and Japan for Mercuryo https://techeconomy.ng/how-sumsub-boosts-conversion-in-nigeria-and-japan-for-mercuryo/ https://techeconomy.ng/how-sumsub-boosts-conversion-in-nigeria-and-japan-for-mercuryo/#respond Sat, 21 May 2022 00:00:00 +0000 https://techeconomy.ng/?p=74547 Sumsub, a UK-based global identity verification and KYC/AML compliance provider, is sharing the results of their partnership with Mercuryo, an all-in-one cryptocurrency payment solution for global enterprise clients operating in over 160 countries.

Founded in 2018, Mercuryo provides a range of payment solutions to accelerate growth and boost revenue for businesses looking to expand globally.

Mercuryo team
| Mercuryo team

Offering Banking- and Crypto-as-a-Service along with KYC, KYB, AML, fraud monitoring and much more, the company provides ready-made solutions for crypto platforms and traditional banking institutions.

Mercuryo started working with Sumsub in March 2018, and the entire integration process took less than a week.

At the time, Mercuryo sought to maximize customer pass rates in order to expand to new markets as fast as they could. Sumsub had the comprehensive expertise and global coverage to get the job done.

Sumsub has shouldered Mercuryo’s verification process for over three years. A wide range of Sumsub features are used for this, including KYC checks, liveness checks, Reusable KYC and screening of crypto addresses. Recently, Mercuryo started using automated KYB checks to speed up onboarding for new business clients.

Thanks to Sumsub, Mercuryo complies with shifting regulations while quickly verifying users (the average onboarding procedure takes around 1.5 minutes). Meanwhile, fraud detection has gone up significantly, since Sumsub rejects suspicious profiles right at the verification stage.

Mercuryo has also solved a number of language and document related challenges with Sumsub.

The platform can now identify Nigeria’s unique NIN documents and transliterate Japanese characters into Latin ones. These new capabilities have boosted user conversion by 30% in Nigeria and by 78% in Japan.

“Working with Sumsub, we value responsive support, fast and easy integration, flexibility and willingness to provide customized features. For us it’s a turnkey solution that allows us to focus on the most critical tasks using their ready-made product”, – says Andrey Ilinsky, Product Owner at Mercuryo.

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