February 15, 2021/mediacraft
Interswitch Group, Africa’s leading technology-driven company focused on the digitization of payments in Africa, has announced the launch of Quickteller Business, a new comprehensive corporate solution focused on empowering businesses of all sizes, facilitate payments and manage transactions from anywhere in the world – through one, simple integrated platform.
Complementing Interswitch’s existing Quickteller platform, Quickteller Business will broaden its payment management capabilities to businesses and merchants of all sizes, allowing them to access a wide range of integrated payment offerings, ranging from disbursements to value financing. The addition of Quickteller Business to the existing consumer platform creates a unique, differentiated offering with potential to accelerate value creation for large corporates, MSMEs and consumers. This will be done leveraging Quickteller’s significant existing consumer base with over five million consumers already using Quickteller for a variety of retail payments in countries such as Nigeria, Kenya and Gambia.
The launch of Quickteller Business further expands the reach of Interswitch’s popular e-commerce solution to a broader audience of business users, helping to facilitate growth in the burgeoning SME sector across Africa. In the last five years, Nigeria’s vast SME sector has contributed an average of 48% to national GDP – according to a PwC survey[1] – and accounts for about 50% of industrial jobs and almost 90% of activities in the manufacturing sector.
With one of the fastest growing emerging middle classes in the world, Nigeria represents a significant growth opportunity, however almost 40% of the population remain financially excluded. Furthering access to electronic payment systems for businesses has the potential to increase the contribution of SME commercial activity in economies across the continent.
With the COVID-19 pandemic causing disruptions to businesses of all sizes around the world, the new platform will help African business owners prosper, by enabling access to effective and convenient digital payment and transaction solutions and technologies. Quickteller Business will
[1] PwC’s MSME Survey 2020, Building to Last – Nigeria report, July 2020
