Swwipe Financial Services Limited
“Can a mobile-first, NFC-Tap-to-Pay app displace hardware POS as the default payment acceptance rail for Nigerian SMEs?”
HQLagos, Nigeria
IndustryFintech / Payments
The story
Swwipe is a CBN-licensed Payment Solution Service Provider in Nigeria focused on mobile-first payment acceptance for SMEs. The product wedge is Tap-to-Pay on NFC smartphones, complemented by a hosted online payment gateway, POS terminals, and a virtual business account issued via a third-party bank partner (Parkway Projects Ltd). Recent expansion into USD acceptance suggests a move to enable cross-border e-commerce for Nigerian merchants.
Last 12 months
Product timeline
0
Launched mobile-first payment app with Tap-to-Pay, USSD, bank transfer and card acceptance for Nigerian SMEs· payments
0
Launched Swwipe Payment Gateway for online merchants· payments
0
Rolled out Swwipe Pinpad and Android POS terminals· payments
2026
Added USD payment acceptance to Swwipe Payment Gateway· payments
Regulated entities
1
regulatory licence held by Swwipe Financial Services Limited
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Swwipe Financial Services Limited’s embedded-finance stack
Payments / PSP
Swwipe Payment Gateway (self-operated)
Banking / BaaS
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.