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Home Companies Company News

Interswitch reveals plans to launch micro-lending product

Nairametrics by Nairametrics
August 4, 2017
in Company News, Spotlight
Interswitch hints at listing on the Nigerian Stock Exchange

Interswitch CEO, Mitchell Elegbe in a tweet chat with Nairametrics.

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Nairametrics on Thursday had an exclusive tweet chat with the CEO of Interswitch, Mitchell Elegbe at their Lagos office in Victoria Island.

The tweet chat provides our followers with an opportunity to get more insight into Nigeria’s largest e-payment processor.

In leading to one of the many nuggets from the interview, we asked Mitchell if the company was working on any new product in the midst of growing competition and innovation.

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Here is how he responded.

There's always a better way to do what you do currently, just as there's a more interesting way to do things you don't do yet…

— Mitchell Elegbe (@MitchellElegbe) August 3, 2017

This sounds like they are looking at changing the way we use some of their products. Maybe a product tweak?

There's a better way to ensure that the no. of Nigerians with access to Health Insurance moves from a dismal 4% to nothing less than 60%…

— Mitchell Elegbe (@MitchellElegbe) August 3, 2017

Ah ha! Interswitch seems to be planning to go into the micro-lending space with Verve Paycode. They are also looking at venturing into the health insurance space.

You can follow the entire thread of the tweet chat here;

Hello twitter fam, welcome to @Nairametrics tweetchat with @MitchellElegbe the CEO of @InterswitchGRP

Thread starts here

— Ugodre (@ugodre) August 3, 2017

Tags: InterswitchMitchell ElegbeTweetchat
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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