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  April 23, 2004
Nigeria proud at Computer World Honors 21ST - Century achievement award


May 18, 2004
InterSwitch and Microsft partners for e-commerce solutions

INTERSWITCH LAUNCHES AIRTIME RECHARGE  AT THE ATMS

A new Service from InterSwitch that allows mobile phones subscribers to recharge their phone in real time at Automated Teller Machines (ATMs) has been launched today. InterSwitch’s vision is that any customer of any Financial Institution will be able to recharge their phone from any of the ATMs on the network nationwide, 24 hours a day. The service can be used by customers of Vmobile, MTN, and Glo networks. The service will also be available to other prepaid service providers like MTS First Wireless, Multilinks, Intercellular etc.

InterSwitch has joined forces with Vmobile, MTN and Glo to enable airtime recharge at all ATM machines that displays the InterSwitch logo. The service is only available to GSM subscribers for now while the other PTOs will offer the facility to its customers very soon.
The launch of this Service marks the beginning of our roll out plan cross the whole of the country. The airtime recharge at the ATM are now available to the over 1.2 million Nigeria Debit Cardholders. The service will be delivered to the other phone network subscribers very shortly. All the 800 ATMs deployed on the InterSwitch network now offer the service, with more expected in the next few months. We expect over 2000 ATMs by December 2006.

Mr. Mitchell Elegbe, Managing Director of InterSwitch commented: “this value added service is just another indication of our commitment to the development of Nigeria through technology innovation as we have clearly demonstrated in the past.

 
 




The launch of airtime recharge at the ATM is great news for customers of MTN, Mtel, Vmobile and Glo. The phone is used by the same group of people that most frequently use the ATMs, so we see a close correlation between the two markets." This is an illustration of our mission to deliver a complete service solution to our customers’.

In a statement, InterSwitch’s Marketing & Corporate Communications spokes person, Ms Taiwo Seriki said the ATM users will now be able do more than just withdraw money, check their bank account balances, view the last five transactions on the account, transfer funds from one account to the other in the same bank but also recharge their mobile phones while at the ATM.They will no longer be afraid of scratching away the PIN number of their phone cards.

Within the last 2years, the number of ATM transactions through the InterSwitch network grew from 1,065,972 in 2004 to 14,448,615 between January 2005 to March 2006, a rise of 92.6% on the previous years.

Elegbe further said: “We are providing ever greater access to cash and these record figures demonstrate the value and reliability of the InterSwitch network to Nigeria consumers. The usage of the ATM machines has grown significantly in the past few years and this has been accomplished with our network being available 100 per cent of the time with no switch downtime whatsoever in 2005.”

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