Encomium
Interswitch Transnational, Africa’s leading integrated payments and transaction switching company has entered into a strategic partnership withfuelvoucher.com.ng on the expansion of fuel voucher-redeeming channels nationwide.
As a business focused on providing products and services that are highly tailored to the African market, Interwitch has launched this initiative in line with its desire to develop innovative payment products and services, facilitate transactions and strengthen the CBN cashless initiative.
Following this alliance, FuelVoucher’s online and mobile fuel purchasing systems have been integrated with PoS terminals deployed by Interswitch to service stations across the country.
This initiative will allow consumers to make payments for petroleum products on all Interswitch payment channels including Quickteller, ATMs and Mobile, and vouchers can be redeemed at every petrol station with the Interswitch PoS. As a result, anybody can easily buy fuel, gas or kerosene on-the-go via the FuelVoucher mobile app at any time of the day and FuelVouchers can be remotely sent to friends, family, domestic staff or drivers with ease.
The partnership will also enable petrol stations around the country run overnight by mopping up cash and accepting Fuel Vouchers thereby eliminating cash handling costs and risks.
Because everything is automated and electronic, establishments no longer need to print paper vouchers with associated costs and reconciliation headaches. Corporate customers can also broaden their loyalty points redemption options to include Fuel Vouchers, and they can also easily manage and control fuel purchase with analytical insights to help in fleet management.
This partnership further buttresses the industry leading position of Interswitch on the attainment of a cashless Nigeria through the innovative use of technology.
In December 2015, the transaction-switching giant was named the fastest growing technology company in Africa on the Deloitte Fast50 Africa.
