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Interswitch

Provider
PSP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 6 companies across 1 category.

interswitch.com ↗Also analysed as a company — its own stack →
CategoriesPSP
Rank#62 of 538 in PSP
Buyers6 companies
HeadquartersLagos, Nigeria
Founded2002
FoundersMitchell Elegbe

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Founders & story · from Interswitch’s own dossier

Founded in 2002 by Mitchell Elegbe as a national transaction switch for Nigerian banks, Interswitch evolved from pure interbank infrastructure into an integrated payments platform via Quickteller (retail payments) and Verve (indigenous card scheme). Today it operates across payment gateway, card issuing/switching, cross-border payments, and lending orchestration — positioning as a pan-African payments infrastructure company.

Full dossier: Interswitch’s own stack, layer by layer →
Who uses Interswitch
6 companies disclose Interswitch in their stack
Access BanksWakanowSQUADLOTUS BankFidelity Bank PLCO3 Capital Nigeria Limited (O3 Cards)
Buyer mix · 6 of 6 classified
Bank / National · 3Fintech / Consumer banking · 1Fintech / Payments · 1Marketplace / Travel · 1
Africa · 6
What the disclosures say
Access Banks
“accessbankplc.com/help/frequently-asked-questions/access-pay: 'delivers a single point of connection from your website to multiple payment processors (Interswitch, VISA & MasterCard)'; namibiaweb.accessbankplc.com/corporate/products-services/e-channels lists Access e-PAY, AccessPAY, EbillsPay as proprietary e-channel p…”
Wakanow
“Wakanow support article lists 'Online Bank transfer, Quickteller, Wakanow Prepaid Card Payment via debit and credit cards such as Mastercard, Interswitch and Visa' as accepted payment methods.”
SQUAD
“Squad terms reference InterSwitch as the acquiring network ('Banks that have subscribed to the InterSwitch network'); Squad's own gateway/modal/POS/USSD/virtual-account products are self-operated by HabariPay.”
LOTUS Bank
“Verve cards route via Interswitch (per cards page: 'ATMs & POS terminals where the Interswitch Logo is displayed').”
O3 Capital Nigeria Limited (O3 Cards)
“ThisDay interview with CEO Pinheiro confirms O3 credit cards run on the existing Interswitch network for ATM, POS and Internet acceptance in Nigeria.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Interswitch? Claim this profile above to unlock your own full list.
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What Interswitch runs on · from its own dossier
The third-party providers Interswitch itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Interswitch.
Card Network
Verve
Full dossier with evidence for each layer →
Alternatives to Interswitch

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe783 buyers →Adyen278 buyers →PayPal153 buyers →Checkout.com113 buyers →Worldpay89 buyers →Mollie64 buyers →checkout58 buyers →Braintree57 buyers →
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Ranked #62 of 538 in PSP — Embedded Finance Index 2026
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Interswitch — frequently asked

Which companies use Interswitch?

6 companies disclose Interswitch in their stack in the Embedded Finance Index 2026, including Access Banks, Wakanow, SQUAD, LOTUS Bank, Fidelity Bank PLC and O3 Capital Nigeria Limited (O3 Cards).

What does Interswitch do?

Interswitch is an embedded-finance provider in PSP. It ranks #62 of 538 PSP providers by disclosed buyers.

What are the alternatives to Interswitch?

The most-disclosed PSP alternatives to Interswitch are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).

Who founded Interswitch?

Interswitch was founded by Mitchell Elegbe and is founded in 2002, headquartered in Lagos, Nigeria.

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