According to a Nigerian paper Leadership, InterSwitch Limited, West Africa’s leading transaction switching and payment-processing company has announced the integration of Standard Chartered Bank to its network.
This new development makes InterSwitch the only transaction-switching network to have 100 per cent of Nigerian banks connected to it and the only Nigerian e-payment company to have real-time online connections to all the 24 banks in Nigeria. The banks on Interswitch’s network are: First Bank, United Bank of Africa, Zenith Bank, GTBank, Oceanic Bank, Skye Bank, IBTC Chartered Bank, Afribank, Wema Bank, Bank PHB, FCMB and Diamond Bank. Others include Union Bank, Access Bank, Intercontinental Bank, ETB, Ecobank, Fidelity Bank, Citi Bank, First Inland Bank, Sterling Bank, Spring Bank, Unity Bank and Standard Chartered Bank.
The paper reports that over 21 million debit cards have been issued by member banks, and over 4,100 ATMs, and 7,500 POS terminals deployed nationwide, as at February 2008.
Other competing payment transaction networks in Nigeria include ValuCard, Etranzact.
Related posts:
- Interswitch Nigeria: Lower your Webpay entry fees
- Interswitch Nigeria & member banks move against ATM fraudsters
- Banks that disabled InterSwitch Cards for Internet Use
- Beware of fake Interswitch emails
- Nigeria: Beware of Fake Nigeria Immigration Service, Central Bank, oil company websites
- Zenith Bank Visa Cards
- ATM Woes in Nigeria: Your Financial Institution is NOT available
- E-commerce in Nigeria: We’re back to the stone age!
- Etranzact Cardholders can use their cards in Ghana and Nigeria
- Guaranty Trust Bank (Ghana) Limited launched
There was a time when no one gave interswitch a chance. I once had dealing with them when they started and found them ‘on the money’. It just goes to show how far a good idea can take you.
Interswitch’s success is laudable! I mean, their ability to connect all the Nigeria banks into real-time online payments, has boosted Nigeria’s online businesses (legitimate ones) and blogs that are looking for presence on the internet.
Buy Domain Names & Web Hosting in Nigeria. Pay with an InterSwitch Debit/ATM card…
Residents of Nigeria may now use any InterSwitch card (CashCard or bank issued ATM card) to transfer payment to Web4Africa for any service they have ordered from Web4Africa including but not limited to: reseller web hosting, domain name registration, w…
I live in Puerto Rico I am american citizen, in a past few days a
receive an e-mail that I won a prize of the company yahoo and microsoft lotery I have in contact with peoples and said me wait
for a transaccion of your bank to my bank in Puerto Rico. I have
dude if this persons are impostors. if you have any imformation of this case please send me an e-mail and i receive an e-mail of
CIA in usa for posible impostors.
@ Hilda, don’t get scammed.
i am from the Philippines.just like you hilda rivera, i received via my email informing me that I won in the Yahoo/microsoft windows lottery UD$500,000. they are requesting me to transfer abt US$675.00 for processing of documents.i told them to just deduct all their expenses from what they will send me. because me and my family really don’t have that amount. they stopped communicating with me. they sound so formal and businesslike. comments anyone?? thanks
Don’t get scammed!
I will not publish any other comment that follows this pattern again. If you read an email that sounds suspicious, it is probably a scam. Consult an attorney when you are in doubt.