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Interswitch

#Payment Service Provider

Interswitch is a leading African fintech company that offers electronic payment solutions and transaction processing services, promoting financial inclusion and secure transactions across various sectors. With a strong presence in Africa, Interswitch collaborates with banks, businesses, and governments to provide efficient and secure payment solutions, driving the growth of digital transactions on the continent.

Payment methods 0

    Market coverage 1
    • Nigeria
    Description

    Interswitch is a financial technology company based in Africa that offers electronic payment solutions, transaction processing, and payment services to consumers and businesses. Founded in 2002 in Nigeria, Interswitch has become one of the leading financial services companies in Africa.

    Interswitch provides an integrated payment platform that enables secure electronic transactions across various sectors, including banking, telecommunications, utilities, government, e-commerce, and other industries. The company offers services such as online payments, mobile payments, credit and debit card payments, money transfers, billing and payment services for businesses, transaction management services, and more.

    As a pioneer in electronic payment solutions in Africa, Interswitch has played a key role in promoting financial inclusion on the continent. The company facilitates secure electronic transactions, reduces reliance on cash payments, and helps individuals and businesses access essential financial services.

    Interswitch's features

    • 3D Secure
    • Chargebacks
    • Partial Captures
    • Partial Refunds
    • Payin
    • Payout
    • Recurring Transactions
    • Refunds

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    Frequently Asked Questions

    What is a Payment Aggregators (#PA)?2023-04-18T18:56:12+02:00

    A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.

    What is a Payment Facilitator (#PayFac)?2023-04-18T18:56:26+02:00

    A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.

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