Developers to earn 5% commission on transaction fees for up to 5
years.
Interswitch, Africa’s leading integrated payments and digital
commerce company, has unveiled its easy-to-integrate Application Programmable
Interfaces (API) Platform for developers creating digital products and
solutions for Africans.
The unveiling event was held on Thursday, August 11, 2022, at the
Zone Tech Park, Gbagada, Lagos, where developers were intimated with the
benefits of integrating Interswitch APIs on their products.
The API Platform comprises Internal APIs, Partner APIs, and
Infrastructure APIs; designed to empower Africa's digital ecosystem. It also
serves as a one-stop shop for innovators in the tech ecosystem who seek to
build viable, market-fit products that address local needs.
Over time, Interswitch has continued to champion the development of
the continent's technology ecosystem through strategic partnerships and the
democratization of developer and business integration tools that help tech
creators and small business owners produce market-ready products within a short
period.
The company also
announced that it has introduced a referral system to reward developers who
refer merchants to use its APIs. Sunday Olaniyan, the business development
manager for merchant acquisition at Interswitch said, “Developers will earn 5%
of every transaction fee that Interswitch charges on their referred merchants
for 5 years”. This is one of many planned incentives aimed at fostering
innovation and supporting the creative economy.
Speaking at the event, the Managing Director, Paymate, Interswitch
Group, Muyiwa Asagba, stated that the tech giant remained focused on providing
digitally empowering products for developers and business owners who are
crafting solutions for the everyday African.
Asagba said, "For two decades, Interswitch has consolidated its
efforts in its support for the growth of the African tech ecosystem by availing
developers with valuable resources that enable them to build commercially
viable products with ease.”
“Away from that, we also take seriously the need to innovate so as
to stay ahead of the pack, which is a core part of who we are as an evolving
technology brand.”
Also speaking at the unveiling event, Abdul-Hafiz Ibrahim, Group
Head, Engineering, Paymate, Interswitch, noted, “Launching our API Platform was driven by the need to make API
integration seamless for developers without the bureaucratic hurdles that have
characterized the API-integrating system over the past few years.”
“Not only are we making
products and solutions development faster, but we are also creating an
interface where developers can communicate, share ideas and offer solutions at
an accelerated pace.”
To expand its goal of creating a sustainable African tech hub, Interswitch remains a firm supporter of initiatives that spur conversations around the evolution of the Nigerian, and in general, African tech ecosystem. This was expressed in its recent support of the Nigerian Fintech Forum where seasoned experts across sectors including Fintechs, telcos, and bank were in audience.
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