Interswitch Records N14.7bn Profit, Driven by Revenue Growth in Core Payment Services

Interswitch, a leading payment processing company, has achieved a remarkable financial recovery, posting a N14.7 billion after-tax profit in March 2025 following a N1.7 billion loss in the previous year. The company's core payment card services drove revenue growth, with transaction revenue increasing by 43% and non-transaction revenue by 81% year-on-year.

Interswitch's strategic focus includes regulatory compliance, restructuring, and expanding its operations beyond payments. The company has divested stakes in subsidiaries, such as Gamswitch, and received approvals for new licenses to enhance its financial services offerings.