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Nigeria: Interswitch, Paga adopt Open Banking

Wednesday 14 August 2019 | 01:12 PM CET

Interswitch, Africa’s integrated digital payments and financial technology company, and mobile payments company Paga have adopted Open Banking.

The initiative is aimed at driving innovation and choice for customers, businesses, financial technology companies, banks and other players in Nigeria’s financial ecosystem.

This information recently emerged as both firms respectively entered a partnership with Open Technology Foundation (OTF), the not-for-profit organisation driving the development and adoption of Open Banking standards in Nigeria.

The addition of Interswitch and Paga as the newest corporate members of the Open Banking Nigeria would serve to further drive the adoption and promotion of a standard Application Programming Interface (API) for financial services in Nigeria.

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