Pan-African integrated payments company Interswitch Transnational has announced its Verve and QuickTeller solutions have emerged winners in the Retail Payments and Product & Services Innovation categories at the 2014 ACI Excellence Awards.
The fifth annual Excellence Awards was put together by ACI Worldwide, a leading international provider of electronic payment and banking systems to celebrate leading financial institutions, processors and retailers, for their innovative and transformative uses of ACI solutions to solve real-world customer and business issues.
“Interswitch is one of only two organisations to receive more than one award. Interswitch’s Verve card, Nigeria’s leading payment card, has received the Retail Payments Excellence Award, in recognition of the way it has changed the electronic payment landscape in Nigeria. The panel noted that, ‘prior to the emergence of electronic payments in Nigeria, transactions were carried out primarily through cash, posing significant financial challenges to businesses and individuals’, something which Verve has helped to alleviate, allowing Nigerians to pay their bills, transfer funds and pay for goods and services at any time, from any channel,” Interswitch said in a statement.
QuickTeller won the Product & Services Innovation Excellence Award and was praised for the way init has enabled streamlined bill pay for customers and bill payers.
Mitchell Elegbe, group managing director and chief executive officer (CEO), said: “We are delighted by this recognition from the judging panel of the ACI Excellence Awards. Verve is the leading payment card in Nigeria, beating off established international payment rivals, such as MasterCard and Visa, and is increasingly accepted across Africa and around the world. This award recognises Verve as an industry-leading international payment product.”
