CEM REPORT, RETAIL | In a move that promises to reshape the Nigerian digital landscape, fintech giant OPay has partnered with leading payment solutions provider Interswitch. This strategic alliance integrates OPay’s popular mobile wallet with Interswitch’s robust payment gateway, paving the way for a seamless and secure online shopping experience for Nigeria’s e-commerce ecosystem.
With OPay integrated into Interswitch’s platform, users can now pay directly for goods and services on merchant websites using their OPay wallet balance. This eliminates the need for entering card details or navigating complex payment forms, making online shopping a breeze.
“This integration is a game-changer for Nigerian online shoppers,” says Muyiwa Asagba, Managing Director of Digital Commerce & Merchant Acquiring (Paymate) at Interswitch. “It adds OPay to the existing array of payment options on the IPG, giving users more flexibility and convenience than ever before.”
Opay-Interswitch partnership Boosts Financial Inclusion
This partnership isn’t just about convenience; it’s about making financial services more accessible for everyone. OPay’s commitment to financial inclusion aligns perfectly with Interswitch’s vision of a dynamic and inclusive digital payment ecosystem.
“We are confident that Pay with Opay will bring about faster and more secure transactions for customers, especially those who may not have access to traditional banking services,” emphasizes Elizabeth, Vice President of App and Cards at OPay.
Elizabeth noted that OPay is fully committed to making financial services more inclusive and this partnership with Interswitch would consolidate this mission.
“We are confident that Pay with Opay which is a 2-step payment solution will bring about faster and secure transactions for customers.
“It is a closed-looped solution that ensures a higher success rate with good network uptime. More exciting is the level of adoption this product has witnessed in the market; this will encourage us to continue to build better solutions for offline and online payments.”
The benefits of this collaboration extend far beyond just online shoppers. Merchants can now tap into a vast pool of potential customers who prefer the ease and security of OPay wallet payments. This translates to increased sales, reduced transaction costs, and a more streamlined checkout process.
[READ ALSO] Shoprite Bids Farewell to Kano, Eyes Expansion with Four New Stores Across Nigeria
“This partnership is a testament to our dedication to continuously innovating and providing cutting-edge solutions,” says Interswitch. “We urge both customers and merchants to embrace this transformative feature and experience the future of digital payments.”
Impact
The OPay-Interswitch alliance marks a significant milestone in Nigeria’s journey towards a cashless society. By streamlining online payments, boosting financial inclusion, and empowering both consumers and merchants, this partnership has the potential to fuel the growth of e-commerce, create new jobs, and ultimately, drive Nigeria’s digital economy forward.
