Consul General Claims Indian UPI System Could Benefit Nigerian Banking Sector

Mary Nnah

The Consul General of India in Lagos, Mr. Kannan Chockalingam, has expressed optimism that the Indian Unified Payment Interface (UPI) system can benefit the Nigerian banking sector.

Speaking at the MarTech Excellence Awards Nigeria 2025, held at the Landmark Centre in Victoria Island, Lagos, over the weekend, Chockalingam said, “We are trying to speak with the Nigerian government to introduce a UPI system. Because many countries are adopting the UPI system. So, India is ready to help and share the best practices with Nigeria.”

Chockalingam’s comments highlight the growing interest in digital payment systems in Nigeria, and the potential for India to share its expertise in this area.

“That’s why I said that Nigerian banks can consider the UPI system. And they can put forward; they are sharing their ideas to the government of Nigeria. So that we can implement the UPI kind of system here. That would be a benefit for all Nigerians,” he added.

The MarTech’s Afro-Bollywood themed Customer Awards Night, hosted by Infytel Communications Limited and Netcore Cloud, was a resounding success, celebrating the brightest minds transforming the MarTech landscape across Nigeria and West Africa.

The event brought together industry leaders, innovators, and customers to recognise and reward excellence in marketing technology.

He explained that the UPI system has revolutionised digital payments in India, enabling millions of people to make transactions easily and securely.

If implemented in Nigeria, it could have a similar impact, providing a convenient and efficient way for people to make payments.

Chockalingam, who recently joined as the Consul General of India to Nigeria, expressed his delight at the collaboration between Indian and Nigerian companies.

“I am very happy that Indian companies are working hard to make the Nigerian banking sector better and provide technology,” he said.

Abithab Bhaskar, CEO of International Business at Netcore Cloud, a leading marketing automation solution provider, echoed Chockalingam’s sentiments, highlighting the potential of MarTech to transform the banking sector.

“Today, most of the marketing activities can be automated by using a platform. The objective of this automation is to make accurate, fast, and reliable marketing,” Bhaskar said.

Bhaskar added that Netcore’s MarTech platform enables companies to send the right information to the right person at the right time and through the right channel.

“If your customers are on Facebook or Instagram, you should invest in them. If your customers are on WhatsApp, you should send communication through WhatsApp,” he said.

Anant Sabat, Managing Director and CEO of Infytel Communications Limited, emphasised the importance of partnerships in delivering innovative solutions.

“Netcore is the topmost market global leader in the world today, and Infytel operates in 18 countries, where Infytel has a massive reach and technological services, delivery, support, and expertise in Nigeria and Africa,” Sabat said.

He added that the partnership between Netcore and Infytel enables them to bring the best solutions to their customers. “We collaborate to bring the best to our customers,” Sabat said.

The MarTech Excellence Awards Nigeria 2025 was a celebration of innovation, technology, and impact, showcasing the best of MarTech in Nigeria and beyond.

The event highlighted the potential of digital technologies to transform industries and lives, and the importance of partnerships in delivering innovative solutions.

It was attended by industry leaders, innovators, and customers, who gathered to recognise and reward excellence in marketing technology.

With its Afro-Bollywood theme, the event was a unique blend of culture and technology, showcasing the vibrant and dynamic nature of the Nigerian entertainment industry.