Interswitch Diversifies into Telecoms with $1 Million MVNO License, Aims to Bridge Connectivity Gaps

Interswitch Diversifies into Telecoms with $1 Million MVNO License, Aims to Bridge Connectivity Gaps

#business
#telecom
#fintech
Dive into the synergy of finance and telecom as Interswitch, backed by Visa, embarks on a transformative journey with a $1 million MVNO license. Unleashing possibilities for underserved areas and catering to overlooked consumer segments, Interswitch aims to revolutionize Nigeria's telecom sector, promising affordable 4G/5G services and innovative communication solutions.

Nigeria's fintech giant, Interswitch, ventures into the telecom arena after securing a Tier 5 MVNO license. With a focus on combining payments and telecom services, especially in underserved regions, Interswitch plans to leverage existing telco infrastructure to provide cost-effective connectivity. The move comes as Nigeria's telecom sector experiences a growth slowdown, offering Interswitch a strategic entry point to introduce improved services and bridge connectivity gaps in a market with over 200 million potential subscribers. 📲💡


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