1.Interswitch
is currently Africa’s fastest growing Tech Company According To Deloitte
Naija
represent! According to the Deloitte technology Fast50 Africa initiative award,
which recognises the continent's fastest growing technology
companies in terms of revenue, Interswitch emerged in 2014 as the
number one fastest growing tech company in Africa, beating competition from
Kenya and South Africa.
2.Interswitch
is the first West Africa company to attain CMMI level 3 rating
CMMI
is a process improvement framework that provides organisations with the
essential elements of effective processes that improves performance.
Interswitch was recently appraised at maturity level 3 on the CMMI institute's
Capability Maturity Model {CMMI} framework. GMD Mitchell Elegbe also indicated
recently that they're not done yet, with a target rating of level 5.
3.You can now make requests and transfer funds/airtime over BBM thanks
to Interswitch
Interswitch
recently entered into an agreement with Blackberry's BBM to launch an
integration of their Quickteller services via a new app called Quickteller
Mini. You can now transfer money to your loved ones instantaneously while
chatting with them on BBM. Neat huh?
4.
You can now withdraw cash from the ATM and even make payments via POS without
needing physical possession of your ATM card
If
you find yourself in need of cash but without your ATM card, or you are at the
point of payment and you realize your card is not with you, you're covered as
long ad you have the <Verve World app.> This app allows customers to
withdraw cash from enabled ATM terminals and make payments on POS terminals
using their smart phones with a useful feature called <Paycode>
5.
Interswitch’s Verve Card was Nigeria’s first chip and pin card:
Interswitch
was at the forefront of the worldwide change in card security from magnetic
strip to chip-and-pin by creating Verve Card, Nigeria’s first chip and pin card
– Verve card. The widespread adoption and acceptance of Verve card in Africa's
largest card market was an important factor in the global push for a uniform
chip-and-pin standard.
6.
Interswitch is owned by Africans and operates in the interest of Africans :)
Interswitch is
one of the few African-owned firms that explicitly sets out African economic
integration and advancement as a core part of its agenda. A recurring point of
reference in everything stated or accomplished by Interswitch is the economic
growth of Africa and the economic empowerment of Africans to harness their
status as residents on the world's fastest growing continent.
7.
Interswitch created Nigeria's first central transaction switch.
And
if you don't know what that means, just think of a switch as an item of
financial infrastructure that enables the exchange of financial information
across electronic networks - basically the Holy Grail of e-Commerce, e-Banking,
ATMs and any other type of networked electronic transaction system.
8.
Interswitch has solutions that cut across Banking, Oil and Gas, Government and
everything in between.
Whether
it's solutions for revenue collection, disbursement, industry-specific business
to business transaction platforms or personal banking and finance, there are
tailor made products for every possible use.
9.
Interswitch is at the vanguard of CBN's "cashless Nigeria" policy.
10.
Interswitch believes in a vision called "intuitive exchange".
What this
means is that Interswitch wants to create a financial technology framework that
is so seamless that you can literally make things happen by just thinking about
them (refer to point 3 for an example of this)
11.
Interswitch was founded with half of its projected capital requirements.
According
to GMD Interswitch, Mitchell Elegbe, the company was founded with N200m sourced
from a CBN fund, which was less than half of the projected N400m+ capital
requirement projections. It has been profitable since its second year of
operation.
12.
Interswitch gives back to Nigeria
Interswitch
has set aside $10m for its e-payments growth fund which seeks to deepen
financial participation in Nigeria by sponsoring startups with the potential to
create avenues for inclusion and economic growth.
13.
Interswitch recently refreshed it’s corporate brand identity this year
Interswitch
embarked on its 4th and current brand refresh in September
2015. The consumer brands ‘Verve’ and
‘Quickteller’ were also refreshed with new identities and campaigns to present
them as bold, simpler and more contemporary; three
(3) concepts that reflect the very heart of Interswitch’s business.
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