• Saturday, April 20, 2024
businessday logo


Opay to integrate Interswitch gateway for direct transactions with merchants

OPay to block accounts not linked to BVN March 1

In a move to enable users to seamlessly make direct payments for goods and services on merchants’ websites through their wallet balance, Opay – a top fintech business has integrated the Interswitch payment gateway.

According to Interswitch, the collaboration will enable transactions carried out with Opay to go through the Interswitch Payment Gateway (IPG), this will redefine the digital payment experience, providing users with a secure and frictionless payment solution.

“With the integration of Opay into the suite of checkout payment options on the Interswitch Payment Gateway (IPG), this compliments users experience by choosing from the existing arrays of payment methods such as Card, Quickteller, Transfer, QR, and USSD,” it said.

Muyiwa Asagba, managing director of digital commerce & merchant acquiring (Paymate) at Interswitch, emphasised the significance of this partnership in advancing the growth of digital payments in the country, noted that this alliance is to cater to the evolving needs of consumers and merchants, fostering a more inclusive and dynamic digital payment ecosystem.

“Through our latest collaboration with OPay, we are excited to introduce a new dimension of payment convenience to users and merchants. This partnership reflects our dedication to introducing innovations that enhance the digital payment experience, and we are eager to witness the positive impact it will have on the entire payment ecosystem,” he said.

Interswitch urges both customers and merchants to embrace this transformative feature, capitalizing on the convenience, security, and flexibility it brings. The company remains steadfast in its determination to continuously innovate cutting-edge solutions, providing customers with the latest and most secure payment options available.

“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.,” said Elizabeth, vice president of App and Cards at OPay, while speaking on the partnership.