Interswitch, Visa to boost e-payment

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Global technology payments company, Visa Incorporated, has collaborated with Interswitch, a leading digital payments and commerce provider, to boost e-payment services across the country.

As a result, Interswitch’s multi-channel payment platform, Quickteller, has been fully integrated with visa platform to accept all Visa transactions.

“Visa cardholders will now be able to use their cards to buy airtime, pay bills and transfer funds across all Quickteller channels. Merchants on Quickteller can now expand their customer base by accepting all Visa card payments,” Visa said in a statement on Sunday.

The Country Manager, Visa West Africa, Mr. Ade Ashaye, was quoted in the statement as saying, “One of the primary goals of Visa in Nigeria is opening up the benefits of electronic payments through a number of different platforms in the bid to drive the government agenda of a cashless economy.

“We are delighted that from now on, our cardholders will be able to use Quickteller’s platform and its multi-channel offerings to make both physical and virtual transactions all over the country. The partnership is further evidence of our dedication to constantly improve our offerings to our customers in Nigeria.”

The Group Managing Director/Chief Executive Officer, Interswitch, Mitchell Elegbe, was said to have said, “This new integration represents an exciting step forward for the Quickteller platform, already the most popular online payment platform in Nigeria.

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“Visa cardholders will be able to use their cards for the full range of payment services offered. We are proud to partner with a globally recognised brand such as Visa as we continue to make everyday payments easy for our customers.”

According to the statement, the partnership further demonstrates Visa’s commitment to working closely with financial institutions, mobile network operators, governments and non-governmental organisations in developing countries to extend access to financial services and electronic payments, helping to drive economic growth and financial inclusion by migrating cash spend to electronic payments.

Interswitch, in a statement said Quickteller is a leading multi-channel payments platform in Nigeria with over three million subscribers offering airtime recharge, bill payments and funds transfer.

The statement quoted the Divisional CEO, Switching and Processing, Mr. Akeem Lawal, as saying the company was proud to partner with a global brand such as Visa.

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