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 organized by the CBN and Nigeria
Inter-bank Settlement System (NIBSS).
The
transaction-switching and payments processing leader was recognized as
the most efficient payment processor, most efficient Payment Terminal
Service Provider (PTSP) and most efficient Payment Terminal Application
Developer (PTAD).
According
to the organizers, 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, Deputy Governor, Operations Directorate, CBN, Alhaji Suleiman Barau, said,
"We
are delighted and proud to recognize, 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
speaking at the event, Managing Director, NIBSS, Adebisi Shonubi, 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.
Commenting afterward, Divisional CEO, Switching and Processing, Interswitch, Akeem Lawal remarked,
“At
Interswitch, for the last 13 years, we have been at the cutting edge of
the electronic transaction revolution in Nigeria. We are always excited
about innovations that make transactions more seamless and efficient.
This latest recognition is more evidence of our unrelenting resolve to
consistently provide best-in-class integrated transaction solutions that
are secure, convenient and tailored to the requirements of the market.
We are proud to be recognized for our efforts, even as we look forward
to continuing to drive social and economic value creation not only in
Nigeria, but across the African markets we operate in as well. We also
owe our success to our customers and would like to thank all our
customers for their continuing contribution to our success”.
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.
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