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词条 Interswitch
释义

  1. History

  2. Operations and subsidiaries

  3. References

{{Infobox company
| name = Interswitch
| logo =
| type = Private
| foundation = 2002
| location = Lagos, Lagos State, Nigeria
| key_people = Mitchell Elegbe (Group Managing Director & Chief Executive Officer)[1]

Akeem Lawal, Divisional CEO, Switching & Processing Group

Mike Ogbalu III, Divisional CEO, Verve International


| industry = Technology
| homepage = {{URL|http://www.interswitchgroup.com/}}
}}

Interswitch is a payment processing company headquartered in Lagos.

History

Interswitch was founded in 2002 by Mitchell Elegbe.[2]

In 2010 two thirds of the company was sold to a consortium led by Helios Investment Partners.[3][1] In 2011 Interswitch took a 60 per cent stake in Bankom in Uganda.[1]

In 2013 Interswitch entered into an agreement for payment processing with Discover Financial Services.[4]

In September 2014 the company acquired a majority shareholding in Paynet Group, an East-African payments provider.[5]

In 2015 Interswitch launched a $10m investment fund for African start-ups in the payments sector.[6]

In February 2018, Interswitch unveiled its SPAK National Science Competition to promote and reward excellence in Science, Technology, Engineering and Mathematics in Nigeria.[7]

Operations and subsidiaries

Interswitch uses a ‘switching' infrastructure to connect the different banks in Nigeria and provides technology for ATM cards.[2] The company has over 11,000 ATMs on its network.[3]

Interswitch is the owner of Verve, Nigeria’s most used payment card, accounting for 18 million of the 25 million cards in circulation in the country.[2] Verve has also been launched in Kenya.[8]

Interswitch also owns Quickteller, an online payments platform; Retailpay, a mobile business management platform; and Smartgov, an identity management and e-payment infrastructure for state governments.

Interswitch has also very recently acquired VANSO and Selcom in Tanzania, a mobile-focused technology provider to banks. This new acquisition will result in VANSO’s mobile banking, SMS and security business lines being fully integrated into Interswitch’s digital commerce and technology operations in Nigeria, and across the Africa. [9][10][11]

References

1. ^{{cite news |last=Onu |first=Emele|date=11 August 2011 |title=Nigeria’s Interswitch Plans African Buys After Uganda Deal|url=https://www.bloomberg.com/news/articles/2011-08-11/nigeria-s-interswitch-plans-african-buys-with-helios-funding|newspaper=Bloomberg |location= |access-date=31 March 2015}}
2. ^{{cite news |last=Rice |first=Xan |date=18 August 2013 |title=Boom in plastic money as Nigeria spends, spends, spends |url=http://www.ft.com/cms/s/0/425911c0-04e5-11e3-9e71-00144feab7de.html?siteedition=uk#axzz3Sg3fP8I0 |newspaper=Financial Times |location= |access-date=31 March 2015}}
3. ^{{cite news |last=Idem |first=Charles |date=November 2013 |title=Spreading tentacles across Africa |url=http://www.heliosinvestment.com/support/uploads/1383842595Forbes-Africa_Mitchell-Elegbe.pdf |newspaper=Forbes Africa |location= |access-date=22 April 2015}}
4. ^{{cite news |last= |first= |date=13 October 2014 |title= Yours To Discover: How Discover Financial Services Is A Direct Play On The U.S. Recovery|url=http://seekingalpha.com/article/2557835-yours-to-discover-how-discover-financial-services-is-a-direct-play-on-the-u-s-recovery|newspaper=Seeking Alpha |location= |access-date=22 April 2015}}
5. ^{{cite news |last=Akingbolu|first=Raheem|date=22 September 2014 |title=Interswitch Enters Partnership with Paynet Group|url=http://www.thisdaylive.com/articles/interswitch-enters-partnership-with-paynet-group/189584/|newspaper=This Day |location= |access-date=22 April 2015}}
6. ^{{cite news |last= |first= |date=26 February 2015 |title=E-payment: Interswitch Nigeria launches a specialized investment fund|url=http://economie.jeuneafrique.com/regions/afrique-subsaharienne/24206-e-paiement-le-nigerian-interswitch-lance-un-fonds-dinvestissement-specialise.html|newspaper=Jeune Afrique |location= |access-date=31 March 2015}}
7. ^{{cite news |last= |first= |date=22 February 2018 |title=Interswitch unveils SPAK initiative to boost sciences|url=https://guardian.ng/business-services/interswitch-unveils-spak-initiative-to-boost-sciences/|newspaper= |location= |access-date=3 March 2018}}
8. ^{{cite news |last=Aglionby |first=John |date=27 October 2015 |title=New payments service to launch in Kenya |url=https://www.ft.com/content/fa4acc9c-7c9d-11e5-98fb-5a6d4728f74e |newspaper=Financial Times |location= |access-date=2 March 2017}}
9. ^{{cite news |last=Rice |first=Xan |date=15 December 2013 |title=Nigeria embraces cashless revolution |url=http://www.ft.com/cms/s/0/b557b03c-5751-11e3-9624-00144feabdc0.html#axzz3SqhaDAzw |newspaper=Financial Times |location= |access-date=31 March 2015}}
10. ^{{cite news |last=Akingbolu |first=Raheem |date=13 November 2014|title=Retailpay as a New Positioning Tool for Interswitch|url=http://www.thisdaylive.com/articles/retailpay-as-a-new-positioning-tool-for-interswitch/193872/|newspaper=This Day |location= |access-date=22 April 2015}}
11. ^{{cite news |last=Akingbolu |first=Raheem |date=15 January 2014|title=Interswitch Smartgov to boost Cross River’s revenue|url=http://www.thisdaylive.com/articles/interswitch-smartgov-to-boost-cross-river-s-revenue/168815/ |newspaper=This Day |location= |access-date=22 April 2015}}

2 : Companies established in 2002|Companies based in Lagos

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