Interswitch and Opay Forge Strategic Partnership to Enhance Digital Payment Experience
Leading the charge in Africa’s digital payment and commerce sector, Interswitch has announced a pivotal collaboration with OPay through its Interswitch Payment Gateway (IPG).
This integration enables OPay users to seamlessly make direct payments for goods and services on merchants’ websites from their OPay Wallet balance.
This strategic alliance aims to redefine the digital payment experience, providing users with a secure and frictionless payment solution. The incorporation of OPay into the suite of checkout payment options on the Interswitch Payment Gateway (IPG) adds a new layer of convenience for users, complementing the existing array of payment methods such as Card, Quickteller, Transfer, QR, and USSD.
Muyiwa Asagba, Managing Director of Digital Commerce & Merchant Acquiring (Paymate) at Interswitch, emphasized the significance of this partnership in advancing the growth of digital payments in the country.
He stated, “At Interswitch, our commitment is to cater to the evolving needs of consumers and merchants, fostering a more inclusive and dynamic digital payment ecosystem. Through our latest collaboration with OPay, we are excited to introduce a new dimension of payment convenience to 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.”
Elizabeth, Vice-President of App and Cards at OPay, speaking on the partnership stated, “OPay is fully committed to making financial services more inclusive and this partnership with Interswitch would consolidate this mission. We are confident that Pay with Opay which is a 2-step payment solution will bring about faster and secure transactions for customers.
It is a closed-looped solution that ensures a higher success rate with good network uptime. More exciting is the level of adoption this product has witnessed in the market; this will encourage us to continue to build better solutions for offline and online payments.
Interswitch urges both customers and merchants to embrace this transformative feature, capitalizing on the convenience, security, and flexibility it brings. The company remains steadfast in its determination to continuously innovate cutting-edge solutions, providing customers with the latest and most secure payment options available.
Worthy of note is the fact that OPay was recently recognized by Interswitch for its outstanding performance amongst FinTech’s in Nigeria at the TechConnect 3.0 event which took place in November.
As the digital payment landscape evolves, this alliance underscores Interswitch Group’s strong commitment to driving payment ecosystem collaboration and championing advancements that reshape the way financial transactions are conducted. This reaffirms the Group’s dedication to delivering leading-edge payment solutions that empower users and merchants alike, setting new standards in the dynamic realm of digital payments.