Category: FinTechs
This time we are digging up the profile of one of the trailblazers in the world of
financial technologies in Africa. This is one big company that has being setting the pace for over a decade and is still re-iterating, getting better and stronger with each passing day.
This is truly a giant in the committee of companies, a breathing unicorn of great repute. I and many other persons, companies and institutions have being benefiting from their services for quite a long time now. I've had nothing but positive reviews for their professionally delivered automated services.
Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis.
The company started operations in 2002 as a transaction switching and electronic payments processing company that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent.
Today, Interswitch is at the forefront of creating intuitive ways to pay and transact using digital technologies. Interswitch saw the distinction between traditional channels and customer touchpoints like bank branches, ATMs, POS Terminals, Kiosks, PCs, etc., gradually fading and giving way to a set of digital cloud services that can be assessed anywhere and anytime using mobile devices and wearables and delivering payment experiences like never before.
Services
To clients, Interswitch offers training and advisory services in the e-payments and e-business industry on how to get the best return from their investments in electronic payments, and train to bridge identified gaps in knowledge, learning and development.
- No matter how big you are, public or private, and in what industries or sectors you do business, Interswitch promised to help you work smarter and reach your goals.
- Loyalty Services
- Technology Integration
- Advisory Services
- Transaction Processing
- Payment Infrastructure
- Financial Inclusion
Products and Platforms
The major platforms I use mostly on Interswitch are the transaction processing and payment facilities and I can attest to their quality of delivery. These services will simplify your everyday transactions, hassle-free.
Payment Infrastructure
Interswitchs Electronic Funds Transfer (EFT) switching application, supports major networks including Verve, Mastercard, Visa and China Union Pay, besides other proprietary networks.
Transaction Processing
You can really save money and streamline your business with seamless payment processing.
The company through its versatility comes with standard transaction sets including debits, credits, transfers, recurring payments, pre-payments, inquiries, and payment information management and administration. Managed by Interswitch, this can reduce the cost of payment services, increases customer loyalty and boosts profits.
Easy Integration, Uninterrupted Service.
Interswitch payment processing integrates seamlessly into several existing software solutions (e.g. SAP and Oracle), ensuring that your organisation does not need to replace its current system. Interswitch also integrates internet payments using cards, tokens and devices with existing websites and other channels.
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Interswitch transaction processing solutions can be classified into 6 main groups:
1) Payment, collections and monitoring solutions (
Paydirect,
Quickteller)
2) Funds disbursement solutions (Autopay)
3) Retail management (Retailpay)
4) Industry Solutions
5) Hardware products
6) Consumer products (Verve, Quickteller, and Rewards)
Third-Party Processing
Interswitch is also a leading third-party processor. Interswitch provides detailed reporting and analysis across various channels such as ATMs, Point of Sale terminals, and mobile phones etc. We also manage switching and transaction processing services for card brands like MasterCard, Verve and Visa.
For more information on the Interswitch Group, contact them at:
