An integrated payments and digital commerce company, Interswitch, has achieved a new milestone in transaction volume processing, hitting 1.2 billion transactions in March 2023, the highest the company has ever processed in a single month within Nigeria alone, excluding the company’s other markets across Africa.
This feat is a testament to Interswitch’s commitment to providing secure, reliable, and innovative payment solutions to its customers across the country and beyond. Interswitch’s robust infrastructure and cutting-edge technologies have made it possible to process such large volumes of transactions seamlessly.
This is coming few months after the announcement of the Federal Government’s Naira redesign policy which led to the increased adoption of digital payments in the country. Consequently, Interswitch has been able to scale its operations to handle higher volume of transactions.
Interswitch’s range of innovative payment products, including Quickteller and Verve among others, have become household names in Nigeria and beyond.
Speaking about the achievement, the founder and Group Managing Director, Interswitch, Mitchell Elegbe, said the company’s focus on innovation has been key to their success, adding that switching 1.2 billion transactions in a month further reinforces the company’s position as an enabler in the Nigerian payment ecosystem.
He said “We are thrilled to have processed 1.2 billion transactions in the month of 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”.
Elegbe further said “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 noted that the success underscores the hard work and dedication of employees of Interswitch and highlights the fact that the firm is on the right track to achieving its set objectives.
Interswitch is poised to continue its growth trajectory by expanding its product offerings, deepening its partnerships, and investing in innovative technologies that propel the growth of digital payments in Africa and beyond.