Interswitch Transnational, Africa’s leading integrated payments and transaction switching company
has entered into a strategic partnership with fuelvoucher.com.ng on the expansion
of fuel voucher-redeeming channels nationwide.
As a business focused on providing products and services that are highly
tailored to the African market, Interwitch has launched this initiative in line
with its desire to develop innovative payment
products and services, facilitate transactions and strengthen the CBN cashless
initiative.
Following this alliance, FuelVoucher’s online and mobile fuel
purchasing systems have been integrated
with PoS terminals deployed by Interswitch to service
stations across the country.
This initiative will allow consumers to make payments for petroleum
products on all Interswitch payment channels including Quickteller, ATMs and Mobile,
and vouchers can be redeemed at every petrol station with the Interswitch PoS. As a result, anybody can easily buy fuel, gas or kerosene on-the-go
via the FuelVoucher mobile app at any time of the day and FuelVouchers can be
remotely sent to friends, family, domestic staff or drivers with ease.
The partnership will also enable petrol stations around the country run
overnight by mopping up cash and accepting Fuel Vouchers thereby eliminating
cash handling costs and risks.
Because everything is automated and electronic, establishments no longer
need to print paper vouchers with associated costs and reconciliation
headaches. Corporate customers can also broaden their loyalty points redemption
options to include Fuel Vouchers, and they can also easily manage and control
fuel purchase with analytical insights to help in fleet management.
This partnership further buttresses the industry leading position of
Interswitch on the attainment of a cashless Nigeria through the innovative use
of technology.
In December 2015, the transaction-switching giant was named the fastest growing technology company in Africa on the Deloitte Fast50 Africa.
About
Interswitch
Interswitch
Limited is an integrated payments and transaction processing company that
provides technology integration, advisory services, transaction processing and
payment infrastructure to government, banks and corporate organizations.
Interswitch
provides online, real-time transaction switching that enables businesses and
individuals have access to their funds across the 24 banks in Nigeria and
across a variety of payment channels such as Automated Teller Machines (ATMS),
Point of Sale (PoS) terminals, Mobile Phones, Kiosks, Web and Bank Branches.
About
FuelVoucher
FuelVoucher.com.ng is
an online fueling purchase and management service operated by the
company, Electronic Voucher Services Limited (EVSL), a subsidiary of
Seamfix Nigeria Limited. It has investment and mentorship from 440.ng.
Fuelvoucher.com.ng provides
individuals and corporates an efficient means of purchasing fuel online
and redeeming at fuel stations, giving detailed reports for monitoring,
budgeting and reconciliation and in turn eliminating the need for cash.
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