Lagos - Interswitch, a leading digital
payment and commerce provider focused on Nigeria and Africa, has announced its
corporate rebrand as part of ambitions to grow its service across the
The new identity celebrates Interswitch’s continuous
drive to innovate e-payment solutions highly tailored to the African market
with the aim of delivering ‘intuitive exchange’, where transactions take place
Mitchell Elegbe, Founder and Group Managing Director of
Interswitch, said Interswitch’s new logo and brand was a confident statement of
their leading position in the market.
Speaking in Lagos, Elegbe said their vision to continue
to push the boundaries of digital payments in Africa.
Also Read: How to protect yourself against revenge porn
"We acknowledge that the penetration of electronic
payments in Africa is relatively low. We see this as an opportunity to create
platforms that will drive commerce and improve the quality of life on the
The service was launched in 2002.
It has grown rapidly and consistently, resulting in a
current transaction volume of 350 million transactions per month and more than
N6,4 trillion a year across its platforms such as Nigeria’s leading payment
card brand, ‘Verve’ and Nigeria’s largest online payment portal ‘Quickteller’.
Interswitch is now Nigeria’s e-commerce industry market
leader, and with revenue growth of 1 226 percent in the last five years.
Interswitch is said to be the fastest growing tech
company in Africa
- CAJ News