Interswitch processes 100 million every month from just First Bank

"  Interswitch has announced that First Bank of Nigeria Ltd. is the first financial institution in the country to process up to 100 million transactions in a single month. I think that’s massive, to be honest. First Bank achieved this record transaction volume in December 2015, and it’s slightly surprising, since they have just 8…"

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First Bank accounts for at least 25% of Nigerian banking customers and around one-third of interswitch’s monthly transactions (350 million).

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Those are impressive figures, and some interesting revenues at their baseline pricing!