Interswitch introduces Quickteller Business, supports SME growth across Africa

By Pavithra R

Interswitch Group, an Africa-focused integrated digital payments and commerce company, has announced the launch of Quickteller Business, a comprehensive corporate solution focused on empowering businesses of all sizes facilitate payments and manage transactions globally through one, simple integrated platform.

The new Quickteller Business complements Interswitch’s existing Quickteller platform and is expected to broaden its payment management capabilities to businesses and merchants of all sizes, enabling them to access a range of integrated payment offerings from disbursements to value financing.

The addition of the new platform to the existing consumer platform, creates a unique, differentiated offering with potential to accelerate value creation for large corporates, MSMEs and consumers, leveraging Quickteller’s existing consumer base, with over 5 mn consumers already using Quickteller for a variety of retail payments in countries such as Nigeria, Kenya, and the Gambia.

“The SME sector is a potential game-changer for economic growth and development in Africa. Interswitch has been at the forefront of digital payment innovation across the continent, enabling individuals, businesses, and governments to transact more efficiently over the last 17 years. The evolution of our payment and e-commerce offerings into Quickteller Business represents a significant long-term shift in both our business and merchant operating model. Through the integrated platform, SMEs, financial services agents, and large corporates, can better navigate the challenges around payments collections, allowing them to focus on their core business, with their diverse transaction needs taken care of through the versatility of the new Quickteller Business offering,” said Akeem Lawal, Divisional Chief Executive Officer, Payments Processing at Interswitch Group.

The launch further broadens the reach of Interswitch’s popular e-commerce solution helping to facilitate growth in the burgeoning SME sector across Africa. Furthering access to electronic payment systems for businesses has the potential to increase the contribution of SME commercial activity in economies across the continent.

“The platform offers a comprehensive, integrated, payment solution that allows businesses to receive and track payments, generate e-invoices, as well as dispute management. It is an innovative and exciting payment solution that will benefit all business owners. Through this new offering, we are continuing our mission to make payments a seamless part of our everyday lives,” added Lawal.

Established in 2002, Interswitch is a technology-driven digital payments company, helping to shape the payments ecosystem across the growing e-commerce sector in Africa. The FinTech’s vision is to make payments a seamless part of everyday life in Africa. The firm has also announced offering a 3-month zero transaction fee incentive for SMEs that sign up for Quickteller Business now, as part of its launch offer.