Connect with us

Hi, what are you looking for?


Nigeria: VANSO completes merger with Interswitch

Value Added Network Solutions “Vanso”, a market leading mobile and security focused financial technology provider has announced the acquisition of 100% of the equity in the company by Interswitch Limited, the leading pan-African digital payments and commerce company.

The transaction will integrate the two businesses and provide Interswitch with a market leading mobile banking and payments solution provider in Nigeria, while enabling Vanso to accelerate growth across an expanded range of geographies and products.

Vanso’s existing shareholders will become shareholders of the Interswitch group, aligning the long term interests of both companies towards long-term growth.

Vanso’s mobile banking platform and payments solutions are already integrated with the Interswitch system.

Vanso provides highly secure messaging, payments and banking solutions for a broad range of telecommunications and financial services clients in Nigeria, Ghana, Rwanda, Kenya and a number of other territories across sub-Saharan Africa.

The combination of Interswitch and Vanso will create an unrivaled African solution across switching, billing, cards, mobile money and mobile commerce, while integrating an end to end value chain play through the combination of Vanso’s front end solutions and Interswitch’s back end infrastructure.

“Vanso’s mobile banking platform and payments solutions are already integrated with the Interswitch system, and this transaction provides a broad and established platform from which we can grow into the continent’s leading mobile messaging, payments and banking provide,” said Vanso executive co-founders, Denis O’Brien and Idris Saliu.

Remarking on the merging of both entities, Vanso’s chairman and co-founder, Richard Akerele, said he believes the future of Nigeria and Africa rests in the hands of the younger generation.

“I am extremely proud of the Vanso team and all its staff, in building a highly competent technology company. It is a testament to the capability of young Nigerian entrepreneurs who have a vision for our country and belief in themselves,” he added.

Vanso is a financial technology provider focused on delivering cutting edge and innovative solutions in Africa.

The company was established in 2005, and provides highly secure messaging, payments and banking solutions to a range of telecommunications and financial services clients in Nigeria, and an increasing number of African markets.

Avatar photo
Written By

“Montage Africa” is built to be a truly inspirational lifestyle magazine.


On Monday, March 6th 2023, BUILD Nigeria, a registered youth-led nonprofit providing low-income Nigerian students with opportunities to study at world-class universities, announced that all...


Gabonese President Ali Bongo Ondimba hosted his French counterpart Emmanuel Macron in Libreville with several Central African heads of state at a summit on...


Nigerian track and field star Tobi Amusan has been nominated for the 2023 Laureus World Sports Award. Amusan was shortlisted alongside five others in the Breakthrough of the...


Fighting reportedly flared on Monday (Feb. 19) between DR Congo’s army and M23 rebels. Speaking on condition of anonymity, a security source said clashes...


“Blood Sisters” and Nollywood star, Genoveva Umeh joins Taymesan on this episode of his podcast show, “Tea With Tay.” Genoveva talks about growing up in Enugu, moving to...

Tech News

By Upuli De Abrew What is needed is for the data strategy to align with business strategy, and for it to be able to...


More than 600,000 people in Mozambique could be affected by Cyclone Freddy, which is expected to make landfall in the coastal provinces this week,...


By Anne Githuku-Shongwe and Eva Kiwango Anne Githuku-Shongwe is the UNAIDS Regional Support Team for Eastern and Southern Africa Director and Eva Kiwango is the Country Director...


The monumental failure of Silicon Valley Bank and Signature Bank earlier this month have raised concerns of system-wide contagion that could spread to other...


By Rob LaFranco, FORBES STAFF Additional editing by Chase Peterson- Withon and reporting by John Hyatt, Jemima McEvoy, Segun Olakoyenikan, David de Jong and...


The recent restlessness in Warri and its environs over the past weeks have been tough, testing our resilience as a people. These same expressions...


Building wealth is not gender-specific and Stripped is Solape Akinpelu’s ingenious attempt at introducing new perspectives to building generational wealth, especially as a woman. While aspiring to...