Interswitch,OPay join forces to improve digital payment experience

Business a.m

Interswitch has announced a collaboration with OPay, through its Interswitch Payment Gateway (IPG), aimed at redefining the digital payment experience, providing users with a secure and frictionless payment solution.

The integration of OPay onto the IPG is expected to enhance the payment experience for users, who can now make use of a new payment method. The existing payment options, such as card payments, Quickteller, and USSD, enable users to make payments using their bank accounts, cards, and mobile wallets. 

Muyiwa Asagba, the managing director of Digital Commerce and Merchant Acquiring (Paymate) at Interswitch, highlighted the importance of this partnership in driving digital payments growth in Nigeria.

According to Asagba, Interswitch is focused on meeting the ever-changing needs of both consumers and merchants, and aims to create a more inclusive and dynamic digital payment ecosystem. He explained that the latest collaboration with OPay is in line with this commitment and will help to introduce a new level of convenience for users and merchants.

“This partnership reflects our dedication to introducing innovations that enhance the digital payment experience, and we are eager to witness the positive impact it will have on the entire payment ecosystem,” he said.

Elizabeth Fadahunsi, vice-president of App and Cards at OPay, stated that the company’s commitment to making financial services more inclusive through technology is the key driver of the partnership with Interswitch. She explained that the goal is to deliver an innovative payment solution that will help to improve the lives of Nigerians by providing them with more convenient and secure ways to make payments.

According to Fadahunsi, the Pay with OPay product is a 2-step process that will bring an extremely convenient payment experience, a closed-loop solution that is secure, with a 100 per cent success rate and stable network uptime.

“This cutting-edge solution affirms our customer-first and pure excellence in innovation with high adoption within the web payment sector. Interswitch urges both customers and merchants to embrace this transformative feature, capitalising on the convenience, security, and flexibility it brings,” she added.