Payment solutions provider Ingenico Group has entered into an agreement with payment processing firm Interswitch Nigeria to deliver multichannel payment solutions to the Nigerian market.
Ingenico said that the integration of its technology with Interswitch’s switching and processing system will allow end-users to benefit from the next generation of payment technology.
Ingenico Group managing director for Africa Rachid Oulad Akdim said: “We are pleased to form this strategic partnership with Interswitch Group. By combining Ingenico Group’s expertise in payment solutions with Interswitch Group’s vision of the local customers’ needs, we are defining exciting new opportunities for electronic transactions in Nigeria.”
Interswitch group managing director and CEO Mitchell Elegbe said: "As Nigeria enters a new era of payment, Ingenico Group and Interswitch are joining forces to better address the market challenges and eliminate the need for cash.
“We formed this partnership with Ingenico Group as they are a global leader in payments with great track record and a strong knowledge of our market characteristics and constraints. This agreement is a key milestone in our common strategy to better serve the Nigerian people.”