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Interswitch’s 2023 Career Fair Set To Explore ‘The Future Of Work’


  Interswitch, Africa's leading digital payments and commerce company has announced plans to host the second edition of its annual Career Fair on Saturday, 13th of May 2023, at the Landmark Event Center, Victoria Island, Lagos.   In line with the event theme ‘The Future of Work’, the Fair will explore trends in today’s workplace, as well as insights into the future of work. It will also present opportunities for forward-thinking professionals, enabling them to connect, network and explore new career opportunities.   With the rise in cutting-edge technologies such as artificial intelligence and robotics, the workplace as we know it, is at the threshold of a new frontier. In light of these developments, the Interswitch Career Fair 2.0 has been organized to equip attendees with the tools and skills to pre-empt and navigate the new, emerging world of work. Attendees can also anticipate insightful panel discussions, networking opportunities with industry leaders, and opportunities to upskill.   They will also have the opportunity to discuss their career prospects during the job fair session and meet experts from various fields, including Finance, Technology, Marketing, and Human Resources, among others, who will share insights and provide guidance on how to build successful careers.   Interswitch has been a pacesetter in Africa's digital payment ecosystem for over two decades, continuously developing innovative products and services that have revolutionized the payment landscape in Africa. With physical presence in Nigeria, Kenya, Uganda, Gambia, USA and Germany, and a footprint across the globe, Interswitch has established itself as a formidable market leader.   This year's edition of the Interswitch Career Fair also features added highlights, owing to the partnership between Interswitch and industry giants like Google, Udemy and Linkedin whose experts will be available to dispense insightful career development advice and upskilling opportunities to attendees.   In addition, interested attendees will be given an opportunity to join the Interswitch

Interswtich Joins “Africa Tech For Trade Alliance” At Africa Tech Summit 2023 In Washington DC

Interswitch Group is delighted to align with the Africa Tech For Trade Alliance, a partnership which was cemented at the recently concluded African Tech Summit 2023 in Washington D.C, USA on the 12th of April. The Africa Tech For Trade Alliance (AT4T) is a public-private partnership platform designed to promote the expansion of ecommerce and digital trade in Africa. The initiative is championed by Prosper Africa, the U.S. Government initiative to substantially increase two-way trade and investment between the United States and Africa and is positioned as Prosper Africa’s flagship tech alliance to drive e-commerce and digital trade across Africa. This alliance brings together some key global corporations, a selection of the continent's top tech firms, entrepreneurs, and investors to help accelerate the growth of e-commerce and digital trade with a focus on Africa. With the advent of technology, e-commerce and digital trade have become increasingly crucial for businesses looking to expand their reach and tap into new markets. In a statement from Prosper Africa, the AT4T is essentially set up to help African businesses leverage technology and cross-continental collaborations to grow and succeed in today's digital economy. According to Chris Folayan, Interswitch Group’s Head of International Growth, “we’re extremely bullish at the opportunities for accelerating the growth of e-commerce and digital trade across the crucial Africa-America corridor, and we’re delighted to collaborate with forward-thinking partners such as Prosper Africa, USAID as well as like-minded technology players and investors to help African businesses leverage these opportunities to grow, expand and succeed.” Prosper Africa has been working to strengthen trade and investment ties between the United States and Africa since its launch in 2021. The new tech alliance was launched on the sidelines of the Africa Fintech Summit, where Interswitch joined the inaugural meeting of the alliance alongside other like-minded partners. Through this session, among other

Interswitch Processes 1.2b Transactions In March 2023, Set New Transaction Record In Nigeria


  The end of each year is an opportunity for many organizations to reflect on the past year's activities, with a focus on planning for the new year and building on the successes of the preceding year. The new start presents a chance for reviews and recalibration, where necessary, to spur the company further along on its mission to achieving set goals and objectives.   Interswitch, as it closed out its 2022/23 financial year, has recorded a tremendous leap in transaction volumes, logging in over 1.2 billion transactions across Nigeria in the month of March. This number represents a 58% increase over the previous month’s total transaction volumes processed. For context, during the entire year 2019, before the COVID-19 pandemic set in, Interswitch processed 2.7 billion transactions over the course of the entire year.   The company's continuous investment in cutting-edge technologies that power Africa’s financial ecosystem has greatly contributed to the increase in its switching capacity, providing much needed relief to millions of Nigerians in the form of digital payment channels, as the recent cash scarcity tightened its grip.   Serving a wide range of financial service providers including commercial banks, fintechs, microfinance banks and other financial institutions, Interswitch has continued to support key players in the payment space who in turn are able to serve the end users.   This tremendous growth speaks volumes about the company's dedication to the provision of enabling systems in the payments ecosystem. Its resolve to Never Stop pushing the boundaries of innovation is evident in the unwavering service it delivers to its corporate clients and end consumers.   In a letter to the employees of The Switch, the Founder and General Managing Director, Interswitch Group, Mitchell Elegbe, noted that the success of the company has been spurred on by the hard work and dedication of the good People of The Switch.   He added that

IWD 2023: Interswitch Reiterates Call For Gender Parity


  As part of celebrations to mark the 2023 International Women's Day (IWD), Interswitch, Africa’s leading integrated payments and digital commerce company, hosted its employees to an engaging evening of networking, discussions and product exhibitions. In line with the 2023 IWD theme, ‘Embrace Equity’, the event line up included a panel discussion that dissected ways in which individuals, organisations, businesses and governments can support the push for gender balance in today’s world. Speaking on the essence of the celebration, Franklin Ali, Chief Human Resources Officer, Interswitch Nigeria said "International Women's Day is not only an opportunity for us to reflect on the progress we've made towards gender equality, but also to celebrate and appreciate the phenomenal women in our organization who have contributed immensely to the growth of Interswitch with their unwavering commitment. “Achieving gender equity is not only a plus for the society as a whole, but also an imperative for sustainable business growth. It is important to note that a diverse and inclusive workplace leads to better decision-making, and increased innovation which in turn improves our customer experience,” Ali added. Affirming this, speakers on the panel also recognised that a diverse and inclusive workplace is essential for the growth of female employees and the business at large. “By creating a work environment where everyone feels valued and included, organisations can tap into the full potential of its employees and better serve its customers,” Deborah Odim, Founder and CEO, Gush Lifestyle, said. While admitting that women are achieving outstanding feats across many fields, the panelists called out the need for more recognition and support for womenfolk. According to Ifeoluwa Dare-Johnson, Founder and CEO, Healthtracka, “70 percent of women make up the global healthcare workforce, while only 6.7 percent of funding goes to female-owned healthcare businesses, undermining their capacity to build businesses. “ Other notable female entrepreneurs

Transact on Quickteller and Win a Trip to Dubai – Naijanewsdirect

Over the past 9 weeks, hundreds of thousands of Nigerians have taken to the Quickteller app to carry out transactions so they can stand a chance to win an all-expenses-paid trip to Dubai for the Interswitch One Africa Music Fest.   Quickteller, leading consumer digital payments platform, powered by Interswitch, has continued, for over three years, to sponsor several lucky winners to participate in Africa's biggest music festival. This is to enable fans watch their favorite music stars perform live on stage. Opening up the window of participation, Quickteller initiated raffle draws to qualify twenty people for a ticket to the show in the emirate city of wonder, Dubai. These raffle draws are conducted monthly.   Since August when the draws began, more people have emerged winners from the raffle draw that is carried out under the supervision of officials of the Federal Competition and Consumer Protection Commission (FCCPC) and the National Lottery Regulatory Commission (NLRC).   To become a winner, customers are encouraged to make more than three transactions monthly. The draws will end in October when the final twenty winners will be announced and readied for their trip to Dubai where some of Africa's biggest music artistes will thrill their fans on a global stage. That stage will also be shared by other big performers from across the globe to add to the vibrant performances billed to excite fans at the music fest. Away from the fest, attendees are also engaged in other fun activities that leave them with fun memories from their trip.   The Interswitch One Africa Music Fest, in its third year, remains a platform through which African talents are exposed to the world, bringing stars closer to their fans and delivering excellence to a global audience. And championing this is Quickteller, a lifestyle brand that not only provides a seamless and convenient payment experience,

Interswitch, World Bank Collaborate On Global Payment Innovation Report – Naijanewsdirect

  Today in Nairobi, Interswitch Group formally unveiled the 2022 Payments Innovation Jury Report, which was also supported by The World Bank and Global Processing Services (GPS). The report titled: “Payment Innovation: Myths and Realities”, comes as part of the series of the which reveals some surprising insights from senior decision makers across the industry, and the 2022 report, which coincides with Interswitch’s 20th anniversary commemoration, explores several key areas where payment innovation is currently focused, including A2A payments and BNPL, what actually drives innovation, and which areas of innovation are most overhyped, amongst other incisive global payment themes.     The 2022 Payments Innovation Jury whose expert insights and perspectives essentially drove the report, was made up of 79 senior payments leaders across 30 different markets. To give a full, 360- degree picture, a significant number of senior regulators and investors were recruited to the Jury for the first time since its inception, alongside national payments companies, banks, fintechs, and payments policy bodies. Importantly, all Jury members participate on an anonymous basis to allow them to speak freely, unencumbered by the innovation priorities of their current organisation. The 2022 report is the tenth in a series spanning 14 years.     According to Mitchell Elegbe, Founder and Group Chief Executive Officer at Interswitch, “As one of the leading and influential players in payments who regard Africa as both our origin and primary catchment market, we are extremely enthused at Interswitch to yet again facilitate this timely and important research effort, which curates practical insights and expert perspectives of senior leaders globally, and across the entire spectrum of African retail payments. It is worth mentioning that this edition coincides with the 20th anniversary of Interswitch’s inception, and I am thoroughly delighted that at such a significant milestone in our journey as a front-row contributor to payment innovation

CBN Advocates Collaboration To Grow Payments Ecosystem at Interswitch Tech Event – Naijanewsdirect

  L-R: Olubunmi Aina, Group Head, Sales & Account Management, Interswitch Purepay; Tyoyila Aga, Group Head, Financial Services Business, Interswitch Systegra; Robinta Aluyi, Group Head, Sales & Account Management, Interswitch Systegra and Jonah Adams, Managing Director, Interswitch Systegra at the Techconnect 2.0 event in Lagos. In line with its commitment to deepen and stimulate the growth of digital payment in Nigeria and beyond, Africa’s leading integrated digital payment and e-commerce company, Interswitch Group, held a two-day event tagged ‘Collaborating for Industry Growth and Profitability’ where industry players gathered to discuss how to strengthen the digital payment ecosystem and position Nigeria as a force to reckon with on the global payment landscape.    The industry leaders, drawn from banks, fintechs, micro-finance banks, telcos and other financial institutions reached the resolve that designing innovative financial products which speak to the needs of customers will spur growth and economic prosperity. The experts also noted that players in the financial space need to synergize to explore avenues for mutual growth which will in turn create a robust payment ecosystem.   During the course of the two-day event, Interswitch officially unveiled eight new products designed to address prevailing issues within the payment ecosystem, enhance business development and boost ustomer experience. The products include Fintech-in-a-box; Fraud Solution-as-a-Service (FSAAS); Banking-as-a-Service; Payment-as-a- Service; Interswitch Security-as-a-Service; Mobile Banking-as -a-Service and Biometrics on POS and Value financing.   These products are tailored to provide seamless payment solution to banks, fintechs, micro-finance banks, other financial institutions and their customers. Essentially, these products will help to improve the digital payment solutions that financial institutions offer to their customers. Critical pain points the products will be solving include protecting customers against digital payment fraud, effective value financing tools for lenders, seamless integration to payment channels, enhanced customer experience etc.   Speaking during the panel session, Akeem Lawal, Managing Director, Interswitch Purepay, said players in the payment

Interswitch Hosts Revenue Boards Chairmen Across Key Northern States – Naijanewsdirect

L R: Regional Head Interswitch, Abuja/North, Thomas Ezeh; Representative of the Executive Chairman, Jigawa State, Internal Revenue Service (IRS), Nura Ya'u Mohammed; Executive Chairman, Yobe State Internal Revenue Service, Mohammed Abatcha Geidam; Representative of the Executive Chairman, Taraba State Internal Revenue Service, Bulus M. Sanda; and Group Head Government, Interswitch, Osasere Atohengbe during the Engagement Forum with State Revenue Boards - Northern Region held in Abuja.   Africa’s leading integrated payments and digital commerce company, Interswitch, has organized its Engagement Forum with State Revenue Boards – Northern Region to discuss revenue collection and growth strategies using technology.   The two-day event, which took place on September 21 and 22, 2022 at the Reiz Continental Hotel, Abuja, was themed, "Staying Ahead of the Revenue Growth Curve Using Technology", where representatives from the revenue boards of 18 northern states were present. At the event, conversations revolved around the challenges with the Nigerian tax landscape for state governments, opportunities for revenue growth through tax digitization, and examples of regions benefitting from effective tax digitization. The participants were also engaged on the possibilities of revenue collection through automation as a means to ensure that revenue leakages are reduced.   Interswitch, a leading industry player, proffered cutting-edge technology solutions to effectively address the challenges around revenue collections during the 'industry session'. Stakeholders were introduced to solutions such as the Paydirect solution, a multi-channel revenue collection, monitoring and reporting solution which is currently in use by more than 30 states to achieve their revenue goals. Demo sessions were also held, and Interswitch offered technology advisory services to revenue boards' representatives seeking early adoption of these proposed solutions, with a view to driving revenue growth in these states.   Speaking at the event, Regional Head, Interswitch Group, Thomas Ezeh, noted that the technology company has continued to champion the automation of revenue generation using innovative solutions such

TechConnect 2:0: Interswitch Set to Unveil New Solutions – Naijanewsdirect

    Africa’s leading integrated digital payment and e-commerce company, Interswitch Group, is set to launch an array of innovative financial products and solutions to drive the growth of the financial industry at the second edition of Interswitch TechConnect. The event will also provide a platform for industry players to discuss topical issues and industry trends with the goal of facilitating the growth of digital payments in the country.   The two-day event themed ‘Collaborating for Industry Growth and Profitability’ is billed to hold on September 21st and 22nd , 2022 in Victoria Island, Lagos with a close-out cocktail party on September 22nd. The array products to be unveiled include Fintech-in-a-box; Fraud Solution-as-a-Service (FSAAS); Banking-as-a-Service; Payment-as-a- Service; Interswitch Security-as-a-Service; Mobile Banking-as -a-Service and Biometrics on POS and Value financing.   These products will go a long way to improve the digital payment solutions that financial institutions, banks, Fintechs and microfinance banks offer to their customers. The launch of these products will address prevailing issues within the payment ecosystem, enhance business development and customer experience.   In addition, the products have been designed to protect end users from digital payment fraud as well as avail them with faster and more convenient ways to validate payments. Financial institutions will also be able to rapidly integrate to newer payment channels with the new intuitive and flexible enterprise technologies.   Speaking about the forthcoming launch, Akeem Lawal, Managing Director, Interswitch Purepay, said Interswitch is not resting on its oars as it continues to design innovative products tailored to meet the needs of customers including banks, Fintechs, financial institutions, Small and Medium Scale Enterprises (SMEs) among others. He further said beyond launching the products, TechConnect 2.0 is organized to bring players in the financial industry together with the goal of deepening the growth of digital payment in the country.   He said “At Interswitch, we will never stop pushing

Interswitch Unites With Cisco Networking Academy To Equip Tertiary Institutions Across Nigeria – Naijanewsdirect


  In line with its efforts to support Science, Technology Engineering and Mathematics (STEM) education in Nigeria, Africa’s leading integrated payments and digital commerce company, Interswitch, has announced plans to donate IT equipment to students in 10 tertiary institutions across Nigeria. The initiative, which is being implemented in collaboration with multinational technology company, Cisco, will see Interswitch donate IT equipment including routers and switches to the Cisco Networking Academies in these institutions. The donations are expected to support the students of the Cisco Networking Academies as they explore their passion in the field of STEM and learn to develop solutions to everyday problems faced by Africans. Beneficiary institutions include Igbinedion University Okada; Lagos State Polytechnic, Ikorodu; Covenant University, Ota; Federal University of Technology Akure; Obafemi Awolowo University, Ile-Ife; University of Maiduguri; Ahmadu Bello University, Zaria. Others are Lagos State University; University of Port-Harcourt and University of Nigeria, Nsukka. Each of the listed institutions currently run the Cisco Networking Academies, an all-embracing platform where individuals and communities use tech tools to create impact. Interswitch's donation aligns with its long-standing efforts to encourage more African students to take up STEM courses in school. The company has actively encouraged the uptake of STEM courses by students through its various initiatives such as the Interswitch SPAK National Science Competition which is held annually in Nigeria and East Africa. Speaking about the donation, Cherry Eromosele, Group Chief Marketing and Communications Officer, Interswitch Group, said that Interswitch is committed to improving learning, especially in STEM courses. “We understand that the study of Science, Technology, Engineering and Mathematics courses is not a walk in the park, however, going through the rigors of studying STEM subjects without basic tools such as a computer can be unnerving. This is why we are donating the IT equipment to the networking academies with the belief that more students