Interswitch is a Nigerian fintech company that provides online payment solutions and services, pushing the boundaries of innovation to deliver payment solutions that enable commerce across Africa.
Founded in 2002 by Mitchell Elegbe, Interswitch has grown to become a leading player in the African electronic and payment digital commerce industry.
The Fintech startup has an online payment gateway and service known as Interswitch WebPay, which is designed to enable businesses and organizations to accept online payments securely from customers for products and services.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
It is also a flexible and secure Internet payment gateway that conforms to Internet standards and common integration methods.
With Interswitch WebPay, business owners enjoy instant value to multiple accounts with settlement within 24hrs.
The gateway, which has established itself as one of the most reliable and globally recognized payment aggregators, allows users to integrate its payment processing service to their WordPress site via their plugin and offer them the ability to pay for goods and services by cards for payment tokens.
Also, the Interswitch Payment Gateway provides a seamless payment service that users can integrate into their preferred application (Web/Mobile).
It is integrated into the Interswitch infrastructure that facilitates real-time debits from cardholders’ accounts and onward credits to the partner client’s account; and is supported by major card brands which include VISA, Verve, and MasterCard.
Check out some key features and components of Interswitch WebPay
- Payment Processing: Interswitch WebPay facilitates the processing of various types of online payments, which include credit card payments (e.g., Visa, Mastercard, and Verve), debit card payments, and Internet banking transfers.
- Integration: WebPay is designed for integration into e-commerce websites and online platforms. It provides businesses with a range of tools and APIs (Application Programming Interfaces) to seamlessly incorporate payment functionality into their websites.
- Security: Security is a top priority for WebPay. The service employs encryption and other security measures to protect sensitive customer data and ensure secure online transactions.
- Multiple Payment Options: WebPay supports multiple payment channels, allowing customers to choose from a variety of payment methods, enhancing convenience and flexibility.
- Fraud Prevention: WebPay incorporates fraud prevention tools and risk management features to help businesses reduce the risk of fraudulent transactions.
- Reporting and Analytics: The service offers reporting and analytics features, allowing businesses to monitor payment transactions, track sales trends, and gain insights into customer behavior.
- Currency Support: WebPay can handle multiple currencies, making it suitable for businesses that operate internationally or serve customers from various regions.
- Compliance: WebPay adheres to industry and regulatory standards to ensure compliance with payment card industry (PCD security requirements.
Interswitch WebPay is a valuable tool for businesses seeking to establish an online presence, engage in e-commerce, and provide customers with a secure and convenient way to make online payments.
The payment gateway serves as a versatile and reliable online payment gateway, contributing to the growth of e-commerce and the digital economy by ensuring secure and efficient payment processing for both businesses and customers.
Notably, it is part of Interswitch’s broader efforts to promote digital payments and financial inclusion in Africa and beyond.