Interswitch: Value Financing Will Spur Growth of Payment Ecosystem

Africa’s leading integrated payments and digital commerce company, Interswitch, has restated its commitment to continue supporting customers to meet urgent needs through its technology-driven lending solution called Value Financing.

The Value Financing solution is designed to provide customers with credit facilities as an alternative  option for the payment for goods and services on e-commerce platforms and other digital platforms; consequently, allowing customers to meet their pressing needs with loans.

In the wake of the rising inflation across the globe, the firm said it has become necessary for customers to explore the use of credit facilities to meet their urgent needs.

Innocent Itobore, Head, Interswitch Lending and Data Services at Interswitch made these assertions at the third edition in the series of Regional Breakfast Sessions which held at the Carlton Swiss Grand Hotel, Enugu state. He said that Interswitch will continue to support customers and businesses to scale and thrive through the provision of innovative products and solutions.

He said “At Interswitch, we understand the peculiar needs of our customers, hence we continue to design products that will allow financial institutions and merchants meet the urgent needs of customers with loans, leveraging our cutting-edge technology systems. These solutions will, in turn, expand the lending offerings for financial institutions and give merchants the ability to grow their businesses as they get more purchases from customers, who can buy now and pay later.”

He said Interswitch organised the Regional Breakfast Session to provide insights and discuss robust opportunities for businesses to enable them to get first-hand information about Interswitch products and solutions.

Itobore further explained “The Regional Breakfast Session is an opportunity for us to introduce our customers to new, game-changing products that promise a range of digital competencies that will drive growth and profitability for their organisations. Essentially, these solutions will help remove costs that businesses would have incurred to develop enabling systems that foster seamless collection and disbursement of funds.”

During the course of the event, participants were onboarded on to other new Interswitch products which include; Tokenisation, Fintech-in-a-box, Interswitch-Security-as-a-Solution, Banking-as-a-Service, Payment-as-a- Service, Mobile Banking-as -a-Service and Biometrics on POS.

The Regional Breakfast Session series has been organised to gather financial industry players to discuss critical issues within payment ecosystem with the goal of deepening digital payments in the country and beyond.

After successfully hosting the events in Ibadan, Port Harcourt and Enugu, the event train is expected to move to Abuja and Lagos.

 

 

Hot this week

emPLE, Ecobank Reward Families, Promotes Financial Literacy with ‘Protecting Little Dreams’ Initiative

emPLE Nigeria, in partnership with Ecobank Nigeria, has reinforced...

IPMAN Kicks Against Issuing Licences for Petroleum Products Import

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has...

Stanbic IBTC Empowers MSMEs with Business Growth Insights at Nigeria Business Summit Regional Tour in Ibadan

Micro, Small, and Medium Enterprises (MSMEs) across Oyo State...

NGX Chair: Insurance Sector Needs More Marketing, Digitalisation to Increase Penetration, Contribution to GDP

Remarks by Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group...

NAICOM Boss Charges CIIN on Professionalism, Ethics, Innovation as Jide Orimolade Emerges 53rd President

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr....

Topics

First Bank May Sack 2,740 over Branch Downsizing

Reports N64bn Loss in 2014 First Bank Holdings Plc may sack 2, 740 staff over the planed downsizing of unprofitable branches nationwide. The bank also reported loss of N64 billion in the 2014 financial year. Mr. Bisi Onasanya, Group Managing Director/CEO, First Bank, said at the bank’s Facts-Behind-The-Figures presentation at the Nigerian Stock Exchange (NSE) that the bank will close unviable branches across the country to reduce cost. He assured however that no staff of the bank will lose his or her job in the exercise.

Sahara Foundation Unveils STEAMers Programme 2.0 to Empower African Students

Mobo Akpene, Programs Manager, Sahara Foundation; representative of STEM...

Access Bank Hits over N1bn in Digital Lending Daily

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and...

Environment Day 2021: Sterling One Foundation Cleans Alpha, Eleko Beaches

By Fabian Ekeruche Sterling One Foundation says it remains unwavering...

ADB Provides $159m to Ethiopian Airline for Expansion

The African Development Bank (AfDB) announced in a statement...

On Time International Targets Nigeria in Expansion Drive

On Time International has just announced upcoming tour in...

NASENI EVC Reiterates Commitment to Deliver on Presidential Priorities

The Executive Vice Chairman and Chief Executive Officer of...