Interswitch Group is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money and the exchange of value between individuals and organisations on a timely and consistent basis, headquartered in Lagos, Nigeria. Founded in 2002 as a transaction switching and electronic payments processing company with a national focus, Interswitch has progressively evolved into an integrated payment services company that builds and manages payment infrastructure while delivering innovative payment products and transactional services throughout the African continent.
Founded by Mitchell Elegbe (Founder), who rejoined the Global Jury for the 2026 EY World Entrepreneur of the Year Awards Grand Finale in Monaco for the 3rd consecutive year, Interswitch pioneered Nigeria’s electronic payments ecosystem and rolled out Paydirect, Webpay, and Autopay, powering the country’s most successful early digital products. The company has grown to 1,001-5,000 employees and operates as a privately funded company specializing in technology integration, advisory services, transaction processing, payment infrastructure, digital commerce, consumer financial services, financial inclusion, payment cards & digital tokens, and digital infrastructure & managed services.
Interswitch’s key subsidiaries and products include Quickteller, a robust consumer platform offering digital payments and e-commerce services for airtime recharge, funds transfer, bill payments, and global shopping; Verve, a homegrown EMV-certified payments card scheme that is another subsidiary of Interswitch; and the API Marketplace, enabling developers and driving next-generation innovation. The company has also advanced Africa’s digital economy with Smartfuel, Quickteller Homes, healthcare platforms, and maintains exclusively a wide array of interconnected datacenters across Africa.
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