Interswitch Ventures into Nigeria’s Telecom Sector with Acquisition of MVNO License, Eyes Innovative B2B and Consumer Services

Interswitch, the Visa-backed Nigerian payments giant, is set to diversify its operations by entering Nigeria’s telecommunications sector.

This strategic move follows its acquisition of a Tier 5 Mobile Virtual Network Operator (MVNO) license for ₦500 million ($1.08 million) from the Nigeria Communications Commission (NCC) in May 2023.

Visa-backed Interswitch Diversifies into Telecom Sector, Secures Tier 5 MVNO License for $1.08M

In a significant expansion of its business portfolio, Interswitch, backed by Visa, has entered Nigeria’s telecom sector by acquiring a Tier 5 MVNO license for $1.08 million.

This move positions Interswitch to offer innovative telecommunications services, combining payments and telecoms, to both business-to-business (B2B) customers and consumers.

Interswitch Expands Reach into Nigeria’s Telecom Industry, Plans to Offer Payment-Integrated Telecom Services

With its sights set on enhancing connectivity and bridging gaps in service provision, Interswitch is expanding its reach into Nigeria’s telecom industry.

Armed with a Tier 5 MVNO license, the company plans to introduce payment-integrated telecom services, leveraging its extensive customer base and expertise in financial technology.

Nigeria’s Interswitch Leverages MVNO License to Enter Telecom Market, Targets Underserved Segments

Interswitch’s entry into Nigeria’s telecom market marks a strategic move to address the needs of underserved consumer segments.

By leveraging its Tier 5 MVNO license, Interswitch aims to provide value-added telecom services to areas that traditional telcos have overlooked or under-served.

Interswitch’s Strategic Move: Entering Nigeria’s Telecom Sector with Tier 5 MVNO License Acquisition

In a calculated strategic maneuver, Interswitch has embarked on a new venture by entering Nigeria’s telecom sector through the acquisition of a Tier 5 MVNO license.

With a focus on offering improved telecommunications services and innovative value-added solutions, Interswitch aims to carve out a significant presence in Nigeria’s dynamic mobile sector.

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