Interswitch Processes 1.2bn Transactions In March

Africa’s integrated payments and digital commerce company, Interswitch, has achieved a new milestone in transaction volume processing, hitting 1.2 billion transactions in the month of March 2023.

This is the highest transactions the company has ever processed in a single month within Nigeria alone, excluding the company’s other markets across Africa.

This is coming few months after the announcement of the Federal Government’s Naira redesign policy which led to the increased adoption of digital payments in the country. Consequently, Interswitch has been able to scale its operations to handle higher volume of transactions.

Founder and group managing director, Mitchell Elegbe, in a press statement, made available to LEADERSHIP, said the company’s focus on innovation has been key to their success, adding that, switching 1.2 billion transactions in a single month further reinforces the company’s position as an enabler in the Nigerian payment ecosystem.

He said: “we are thrilled to have processed 1.2 billion transactions in the month of March within Nigeria alone. This milestone is a testament to the trust that our customers have placed in us and our commitment to delivering innovative and secure digital payment solutions across Nigeria and beyond”.

Elegbe further averred that, “this milestone is one that was made possible by our proactive investment in cutting-edge technologies that truly power the financial landscape. 

continue to grow and expand our operations, we remain committed to driving financial inclusion and helping businesses and individuals unlock the full potential of digital technologies.”