Business Briefs
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INTERSWITCH Limited, Africa’s leading digital payments and commerce provider has emerged as a multiple award winner at the maiden edition of the Electronic Payment Incentive Scheme, EPIS, awards organised by the Central Bank of Nigeria, CBN and the Nigeria Inter-bank Settlement System, NIBSS.
The transaction-switching and payments processing leader was recognised as the most efficient payment processor, most efficient Payment Terminal Service Provider, PTSP, and most efficient Payment Terminal Application Developer, PTAD. According to the organisers, the EPIS Awards are intended to identify, reward and celebrate financial institutions, merchants and other stakeholders in the electronic payment space for great work done in promoting and expanding the use of electronic payments in Nigeria.
At the event, Suleiman Barau, deputy governor, operations directorate, CBN, said, “We are delighted and proud to recognise, encourage, appreciate and reward financial, non-bank and other stakeholders in the EPIS that have been driving the growth of electronic banking channels in Nigeria.”
Also, Adebisi Shonubi, managing director, NIBSS, said that the event marked a memorable point for all the years of commitment put in by industry regulators and other stakeholders that have striven to drive the growth of electronic payment in Nigeria and the eventual transformation into a cashless society.
It will be recalled that the growth of the e-payment industry in Nigeria has correlated closely with the brand story of Interswitch. Starting off in the year 2002 at a time when Nigeria’s ICT landscape was still virtually untapped with only an estimated 200,000 Nigerians connected to the internet and banks moving money at high cost and risk, the challenge was to re-define the disposition of Nigerians towards transactions.
Today, the landscape has changed remarkably, with the consistent introduction of new technologies and processes that have exposed Nigerian customers, businesses and governments to the advantages of a cashless system. Interswitch continues to be central to the provision of electronic exchange of money and transfer of value among all and sundry on a timely and consistent basis across Nigeria and Africa.
— Apr 4, 2016 @ 01:00 GMT
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