Nigeria: Interswitch, EVSL, OVH & Forte Oil Fuel Retail Partnership

Objective of the partnership is for innovative payment products and services, facilitate transactions and strengthen cashless initiative

 The strategic partnership between Interswitch and EVSL has been broadened considerably in further partnership with three of the leading downstream fuel marketing firms, OVH Energy Marketing, Forte Oil & RainOil in Lagos.

Chinyere Don-Okhuofu, Interswitch’s Divisional CEO for Industry Vertical Markets, said, “As a business focused on providing products and services that are highly tailored to the African market, Interswitch has partnered with EVSL to launch this initiative in line with our desire to develop innovative payment products and services, facilitate transactions and strengthen the CBN cashless initiative. Following this alliance, FuelVoucher’s online and mobile fuel purchasing systems have been integrated with PoS terminals deployed by Interswitch to service stations across the country.”

“This initiative will allow consumers to make payments for fuel products on the website and mobile app as well as all Interswitch payment channels including Quickteller and ATMs and vouchers can be redeemed at every fuel station with the Interswitch PoS.  As a result, anybody can easily buy fuel; PMS, diesel, kerosene on-the-go via the FuelVoucher mobile app at any time of the day and FuelVouchers can be remotely sent to friends, family, domestic staff or drivers with ease,” says Chimezie Emewulu, CEO of Seamfix/EVSL.

Olaposi Williams, acting CEO OVH Energy Marketing said that OVH is happy to be a part of the partnership, as it allows them to provide innovative solutions to enhance consumer lifestyle while expanding the frontiers of our fuel retail operations. Mr. Kenneth Ndabai, RainOil’s Executive Director for operations remarked that the solution will also enable fuel stations around the country run overnight by mopping up cash and accepting Fuel Vouchers thereby eliminating cash handling costs and risks.

The partnership further reinforces the industry leading position of Interswitch on the accomplishment of a cashless Nigeria through the novel use of technology. Source: Vanguard PWKD10072017

Last modified onSaturday, 08 July 2017 06:54
Login to post comments
back to top

Main Menu

News Menu