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Interswitch Fosters Innovation Through Technovation Competition

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Africa’s leading integrated payments and digital commerce company, Interswitch, has successfully concluded the second edition of its Technovation competition, a hackathon aimed at nurturing innovation and creativity among its employees. The initiative showcases Interswitch’s commitment to fostering innovation and creating impactful solutions that address diverse challenges across the African continent.
The competition, which spanned several weeks, provided a unique platform for Interswitch employees to explore their problem-solving capabilities and devise innovative solutions to real-world problems. With a strong focus on technology-driven advancements, this program provided participants with the necessary tools, mentorship, and a platform to develop groundbreaking ideas and transform them into viable prototypes.


Following a review of numerous entries, five teams were shortlisted to compete at the grand finale. The chosen teams include Paystars, The Innovators, Team Spark, Team Flash, and The Pioneers who pitched solutions focused on healthcare, food and financial technology.
At the end of the keenly contested pitch session which took place on Friday, July 7, 2023, at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos, Team Flash emerged winner of Technovation 2.0, receiving N1,000,000. Team Spark followed closely behind in second place, wining N750,000 and Team Paystars emerged in third place, winning the sum of N500,000.


Interswitch recognizes the immense potential within its workforce and is dedicated to unlocking the creative genius of its employees. By providing a conducive environment for innovation, the company continues to harness the collective brilliance and expertise of its staff members to drive positive change in various sectors, including finance, e-commerce, healthcare, oil and gas and transportation, among others.
Speaking on the successful completion of the Technovation 2.0, Akeem Lawal, Managing Director, Payment Processing & Switching (Interswitch Purepay) emphasized the significance of empowering employees to design solutions that address Africa’s unique challenges.
He said, “At Interswitch, we firmly believe that the key to driving meaningful change in Africa lies in nurturing and empowering our talented people. The Technovation 2.0 competition is a testament to our commitment to innovation and our unwavering belief in the transformative power of technology. By supporting our staff members in their pursuit of groundbreaking solutions, we aim to create a brighter future for Africa.”


Throughout the competition, participants were encouraged to avidly explore novel approaches to tackle complex problems. Leveraging Interswitch’s extensive industry expertise and cutting-edge technologies, the developers devised ingenious solutions that hold the potential to revolutionize various sectors and improve the lives of millions of people across Africa.
The grand finale ended on a high note as participants and other Interswitch employees were treated to an exciting after-party.


As an organization deeply rooted in Africa, Interswitch understands the unique challenges facing the continent and is dedicated to playing a pivotal role in developing solutions to these challenges and driving the growth and development of the continent. The Technovation competition serves as a testament to Interswitch’s unwavering commitment to creating innovative solutions that address Africa’s most pressing needs, ultimately contributing to the continent’s overall advancement.

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Technology

Jumia Nigeria kicks off Tech Week 2024

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Consumers in Nigeria to leverage the campaign to upgrade their tech devices

Lagos, (Nigeria), March 18th, 2024 – Jumia, the leading pan-African e-commerce platform, has commenced its annual ‘Tech Week’ campaign, offering exciting deals and the latest gadgets to help Nigerians elevate their tech experience. This year’s theme “Upgrade Your Experience” focuses on empowering consumers to embrace the transformative power of technology. The campaign running from March 18th to March 31st, 2024, provides millions of consumers with the opportunity to snag amazing deals on a wide range of tech essentials, from cutting-edge smartphones and laptops to top-of-the-line home appliances and entertainment systems. Partnering with top brands like Infinix, Tecno, Xiaomi, Oraimo, Binatone, Haier Thermocool, Sun King and Itel, Jumia ensures a diverse selection of high-quality products across different categories. “We’re thrilled to present Jumia Tech Week 2024, a platform to bridge the digital gap and empower Nigerians with the latest technology. With the continuous rise in smartphone adoption and internet penetration in the country, the demand for accessible tech is stronger than ever. Through strategic partnerships with top international and local brands, we aim to make tech upgrades a reality for all. During this campaign, consumers will have access to a wide range of high-quality tech products at the best prices,” said Sunil Natraj, CEO, Jumia Nigeria. Commenting on the partnership with Jumia for Tech Week, Oluwayemisi Ode, Integrated Marketing Communications & PR Manager, Infinix Nigeria, said “Infinix is thrilled to once again partner with Jumia for Tech Week 2024. Our partnership with Jumia exemplifies our commitment to providing customers with access to cutting-edge smart mobile devices at best value. Jumia’s reach as Africa’s leading e-commerce platform provides the perfect platform to showcase Infinix’s cutting-edge smartphones, and accessories to a wider audience. This year, we’re particularly excited to offer Tech Week shoppers exclusive deals on our latest devices, making it the perfect opportunity for consumers to upgrade at the best prices. With over 103 million internet users reported at the start of 2024, Nigeria continues to witness a surge in internet penetration, exceeding 45%. Smartphone adoption is also on the rise, highlighting the growing appetite for technology amongst Nigerians. Jumia Tech Week caters to this evolving landscape, providing a platform for seamless access to the latest tech essentials. Beyond just amazing deals, Jumia Tech Week offers exclusive flash sales with further discounts on select products, exciting giveaways and contests throughout the campaign, as well as a seamless online shopping experience with secure payment and pay-on-delivery option. ***END*** About Jumia Jumia believes that technology has the potential to transform everyday life in Africa for the better. Jumia was built to help consumers access millions of goods and services conveniently and at the best prices while opening up a new way for sellers to reach consumers and grow their businesses. Listed on the New York Stock Exchange (NYSE) in 2019, Jumia is the leading e-commerce company in Africa, operating in 11 countries. The Jumia platform consists of a marketplace, which connects sellers with consumers, a logistics service, which enables the shipment and delivery of packages from sellers to consumers, and a payment service, JumiaPay, which offers a safe and easy solution to facilitate online payment transactions. The company offers goods across a broad range of categories, such as phones and electronics, home appliances, fast-moving consumer goods, fashion and beauty. For more information about Jumia, follow us on LinkedIn: Jumia Nigeria and Twitter: JumiaNigeria

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Technology

Staying Connected with WhatsApp Channels: Four Things You Need to Know

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Today, over 2 billion people across more than 180 countries use WhatsApp to connect with friends and family, making it probably the world’s most widely used private messagingservice.

And now, people are using WhatsApp for more than just messaging friends and family.Introduced last year, WhatsApp Channels is a new feature that gives people an easy way to get updates and information straight from the individuals and organisations that matter to them.

Whether you’re into keeping up with football clubs, content creators, or celebrities, you can now do it on WhatsApp Channels. If you’re new to WhatsApp Channels, here are four things you should know:

1. Easily find your favourites

You can find Channels to follow that are automatically filtered based on your country. You can also filter Channels by those that are new, most active, and popular.

2. Separate from your personal chats

WhatsApp Channels can be found in a new tab called Updates – separate from your personal chats with friends and family. Anyone can choose to follow a Channel by browsing and following the Channels they’re interested in.

3.   Simple and user friendly:

Find and follow your favourite creators, celebrities and organisations and stay up to date with updates, shared as text, photos, videos, stickers, voice messages and even polls. As a follower, you can react to Channel updates using emojis to give feedback and see a count of how others reacted too. How you react will not be shown to other followers.

4.. Private by design

WhatsApp Channels come with strong privacy protections that people expect from WhatsApp. As a WhatsApp Channel admin, your phone number and profile photo are kept private from followers. Similarly, when you follow a Channel, your phone number is not visible to the admin or other followers. 

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Finance

Interswitch Spotlights Digital Payments Innovation in Microfinance Banking at TechConnect in Port-Harcourt

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Interswitch


Interswitch, one of Africa’s leading integrated payments and digital commerce companies, recently hosted the Port-Harcourt edition of its TechConnect event, bringing together industry leaders, experts, and stakeholders to explore the transformative impact of digital payments in the microfinance sector.
The event featured an insightful keynote address delivered by Tyoyila Aga, Group Head, Financial Services Business, Digital Infrastructure & Managed Services (Interswitch Systegra) on the latest trends in digital payment solutions, such as mobile wallets, QR codes, and contactless payments, emphasizing their pivotal role in shaping the future landscape of microfinance banking. Attendees also gained valuable insights into the technological advancements that are revolutionizing financial services and the potential these innovations hold for financial inclusion and economic empowerment.
Speaking at the event, Aga noted that digital payments innovation is big for the microfinance sector as it comes with opportunities for growth, and ultimately, financial inclusion, hence the reason Interswitch is at the forefront of driving the growth of digital payments across the country and beyond.


He said, “We are excited to have come this far in propagating the good news around what digital payment innovation holds for our microfinance sector. At Interswitch, we are all about innovation and as a company committed to driving the digital transformation of Nigeria’s financial services, we are proud to play a leading role in shaping the future of microfinance banking.”
This year’s Techconnect series has been successfully hosted in Ibadan, Abuja, Enugu, and most recently Port-Harcourt, with the event train expected to move to Lagos for the final.


The event also featured panel discussions, where industry leaders engaged in conversations on different strategies for growth in the microfinance sector, sharing their perspectives on leveraging digital technologies to drive growth in the financial sector. The discussion covered topics ranging from cybersecurity and regulatory compliance to the integration of emerging technologies, providing attendees with a comprehensive understanding of the multifaceted aspects of digital transformation.
At the event, customers were rewarded for their engagement, loyalty and support over the years. Interswitch, as a pioneer in the digital payments space, reiterated its commitment to fostering a customer-centric approach and delivering solutions that cater to the evolving needs of the Nigerian payments ecosystem.
Interswitch says it remains dedicated to advancing Nigeria’s digital payments system and fostering an ecosystem that supports financial inclusion, innovation, and sustainable growth.

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