One of Africa’s leading technology-driven companies focused on payments, Interswitch, has recorded a new milestone after it processed 1.2 billion transactions in March in Nigeria alone.
The company disclosed that the recent milestone is the highest it has ever processed in a single month in the country, which is a testament to the trust that customers have placed on the platform.
Speaking on the recent milestone achieved, The Chief Executive Officer/Founder of Interswitch Limited, Mr. Mitchell Elegbe said, “We are thrilled to have processed 1.2 billion transactions in March within Nigeria alone. This milestone is a testament to the trust that our customers have placed in us and our commitment to delivering innovative and secure digital payment solutions across Nigeria and beyond.
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“This milestone is one that was made possible by our proactive investment in cutting-edge technologies that truly power the financial landscape. As we continue to grow and expand our operations, we remain committed to driving financial inclusion and helping businesses and individuals unlock the full potential of digital technologies.”
He further noted that Interswitch’s success emphasizes the hard work and dedication of employees and highlights the fact that the firm is on the right path to achieving its set objectives.
Interswitch’s broad network and robust payments platform have been instrumental to the development of the Nigerian payments ecosystem and provide Interswitch with credibility to expand across Africa. In 2019, the company partnered with Visa, the world leader in digital payments to advance the digital payments ecosystem across Africa.
In October 2020, Quickteller launched the Qtrybe community, a community of 50 exceptional students from Nigerian tertiary institutions to serve as ambassadors of Quickteller and Interswitch on their campuses.
Today, the Fintech company is a leading player with critical mass in Africa’s rapidly developing financial ecosystem and is active across the payments value chain, providing a full suite of Omni-channel payment solutions.
The company has effectively bridged the divide between consumers, institutions, and merchants with innovative payment solutions such as Verve, the largest domestic card scheme in Africa with 100% payment acceptance in Nigeria and acceptance in over 185 countries globally. Interswitch has continued to develop innovative solutions to drive seamless payment technology for the 21st century, actively supporting Africa’s journey toward a cashless future.
The company was established as a common African financial services provider and maintains exclusively a wide array of interconnected datacenters in Africa. It has over 11,000 ATMs on its network, with more users in Nigeria than anywhere else.