
VOL 19 - The Shape of Things to Come
Aug 27, 2024
A Word from Mitchell
CONTENT In this edition of The Switch newsletter - The Shape of Things to Come, we showcase the first quarter of our new financial year, spotlighting significant milestones that underscore our commitment to innovation and highlight our role as a catalyst for change across Africa. At the same time, we look ahead, acknowledging that the future, which often appears shrouded in some degree of mystery and uncertainty, is a canvas which is to be painted with the vibrant strokes of innovation, strategic planning, decisive action, and determination. Today, technological innovation continues to shape the future of the African continent. From the adoption of artificial intelligence and robotics to renewable energy and biotechnology, groundbreaking advancements are transforming industries and redefining what is possible. These technologies enhance our lives in many ways, improving healthcare outcomes, increasing productivity, and entrenching digital payment technologies that enable success for individuals, businesses and communities. We are proud to be playing an active part in this transformation across our continent. From Nigeria and Kenya to Sierra Leone, Uganda and the Democratic Republic of Congo, our footprint continues to expand and deepen as we develop technologies to solve challenges in various industries including payments, healthcare, transportation, and energy. However, we realize, that beyond technological advancements, the future will continue to be shaped by our capacity for resilience, adaptability and collaboration. Since 2020 when mankind’s resilience was tested, we have seen how quickly the world can change and the need for preparedness and flexibility. Also, embracing a mindset of continuous learning and adaptation will be crucial in navigating any uncertainties that lie ahead. Ultimately, the shape of things to come is not simply a question of predestination but rather a reflection of our deliberate choices and actions. For us at Interswitch, it is one of endless possibilities, where we continue to push the boundaries of innovation, inspiring Africa to greatness through innovation, value creation and excellence. Looking ahead, we are excited about the shape of things to come – the vistas of opportunity that lie before us. The roadmap we have laid out for the rest of the financial year is ambitious yet attainable, fuelled by our unrelenting pursuit of excellence and our passion for making a difference. As you read through this edition of The Switch, I invite you to join us in envisioning the future we are diligently crafting. Together, let us embrace the challenges and opportunities that come our way, knowing that every day, and with each step, we are shaping a future where possibilities are limitless.

CONTENT In this edition of The Switch newsletter - The Shape of Things to Come, we showcase the first quarter of our new financial year, spotlighting significant milestones that underscore our commitment to innovation and highlight our role as a catalyst for change across Africa. At the same time, we look ahead, acknowledging that the future, which often appears shrouded in some degree of mystery and uncertainty, is a canvas which is to be painted with the vibrant strokes of innovation, strategic planning, decisive action, and determination. Today, technological innovation continues to shape the future of the African continent. From the adoption of artificial intelligence and robotics to renewable energy and biotechnology, groundbreaking advancements are transforming industries and redefining what is possible. These technologies enhance our lives in many ways, improving healthcare outcomes, increasing productivity, and entrenching digital payment technologies that enable success for individuals, businesses and communities. We are proud to be playing an active part in this transformation across our continent. From Nigeria and Kenya to Sierra Leone, Uganda and the Democratic Republic of Congo, our footprint continues to expand and deepen as we develop technologies to solve challenges in various industries including payments, healthcare, transportation, and energy. However, we realize, that beyond technological advancements, the future will continue to be shaped by our capacity for resilience, adaptability and collaboration. Since 2020 when mankind’s resilience was tested, we have seen how quickly the world can change and the need for preparedness and flexibility. Also, embracing a mindset of continuous learning and adaptation will be crucial in navigating any uncertainties that lie ahead. Ultimately, the shape of things to come is not simply a question of predestination but rather a reflection of our deliberate choices and actions. For us at Interswitch, it is one of endless possibilities, where we continue to push the boundaries of innovation, inspiring Africa to greatness through innovation, value creation and excellence. Looking ahead, we are excited about the shape of things to come – the vistas of opportunity that lie before us. The roadmap we have laid out for the rest of the financial year is ambitious yet attainable, fuelled by our unrelenting pursuit of excellence and our passion for making a difference. As you read through this edition of The Switch, I invite you to join us in envisioning the future we are diligently crafting. Together, let us embrace the challenges and opportunities that come our way, knowing that every day, and with each step, we are shaping a future where possibilities are limitless.
Business Update

Lagos State Government Sign Concession with Interswitch.
The Lagos State Government has officially signed a concession agreement with Interswitch, through its Healthtech subsidiary.

Quickteller and Verve Partner Multichoice for 10th AMVCAs.
Interswitch’s sponsorship for the 10th edition of the Africa Magic Viewers' Choice Awards reflects our steadfast dedication to fostering the creative landscape of Africa.

Interswitch Group Hosts Third Edition of Career Fair.
The Interswitch Career Fair 3.0 event tagged ““Reimagining Work: People, Culture, Technology” spotlighted the various resources and insights available to skilled, career-driven individuals.

Interswitch Champions Data-Driven Innovation for Africa's Payment Ecosystem.
Interswitch participated as a sponsor of the two-day event which drew key stakeholders from across the financial services and regulatory technology industries amongst others.

Mitchell Elegbe Joins Global Jury for EY Awards.
The 2029 jury is made up of entrepreneurs drawn from Argentina, Australia, Belgium, India, Poland, Nigeria (Elegbe), The United Kingdom, The USA, and South Korea.

Interswitch Group Launches New EFT Program.
A statement by Interswitch asserts that the frontline technology company has resolved to take the bull by the horns in re-writing the narrative around the issue of brain-drain from Africa.

Interswitch and OPay Team Up to Make Online Payments Easier Than Ever.
The integration of OPay into the Interswitch Payment Gateway is the latest addition to the existing checkout payment options such as Card, Quickteller, Transfer, USSD and Google Pay.

Mitchell Elegbe Speaks at Doing Business in Nigeria Conference.
The Interswitch Founder acknowledged that Nigeria is probably not one of the easiest markets in the world to do business.

Interswitch Kicks off InterswitchSPAK Nigeria 6.0.
This year’s edition, with a prize pool of over 30 million Naira, marks a 140% increase from the erstwhile 12.5 million Naira in prize winnings.

Interswitch Hosts Training for Federal House of Rep.
The programme saw the participation of 40 Honourable members of the House, led by Rt. Hon. Emmanuel Ukpong-Udo (PhD), Chairman of the House Committee on Digital Economy.

PIPECHAIN: Unlocking Africa’s Cross-Border Payments
From person-to-person payments to business transactions and treasury management, PIPECHAIN unlocks opportunities and paves the way for a truly interconnected and prosperous Africa.
East Africa

Interswitch and Asante Financial Services Introduce Agent Float Financing for Quickteller Agents in Uganda.
Interswitch Partners With Asante Financial Services.

Interswitch Presents 2024 Global Payment Innovation Report in East Africa, Jury Concludes Profitability Will Trump Hyper-growth in the Reckoning of Investors.
Interswitch presents 2024 Global Payment Innovation Report.

Interswitch and ACI Worldwide: A Renewed Partnership.
Despite these significant advancements, there remains a need for more digital infrastructure solutions to address the challenges of modern real-time payments.