Interswitch introduces Retailpay, a business management solution

For businesses, embracing technology has become unavoidable and a key driver for sustainability, as technology continues to reverse conventions. With the influence of technology on businesses on the rise, experts postulate that organisational flexibility to embracing technology will translate to sustainability.

Any business that attempts to isolate itself from viable technological trends is inadvertently working towards non-existence. With the right use of technology, businesses can be run from anywhere, growing entrepreneurs can organise and run business from anywhere, grow business networks and increase efficiency, which is particularly important now, given the promising Nigerian economy.

Hinged largely on this thinking, Interswitch Transnational, a leading pan-African payments company, has introduced ‘Retailpay,’ a mobile business management platform. Retailpay provides growing businesses with the technology to remotely manage and monitor their operations via mobile devices, irrespective of location.

With this innovation introduced into the Nigerian market, Retailpay would facilitate team synergy as employees at various locations can have better interactions.

Retailpay is an application that allows businesses have access to their business records from any smart device. “Key features of Retailpay include sales and inventory management, intelligent business reporting, online store front, records access, staff monitoring, electronic receipts and the ability to accept card payments across web and ATMs from customers.

This new sales and inventory management solution enables the monitoring and control of stock movements, thereby preventing revenue leakages and increasing business profitability. Available via web and mobile, Retailpay is compatible with Windows, Android, Blackberry and Apple iOS devices using Chrome, Firefox and Opera web browsers.

Mitchell Elegbe, group managing director, Interswitch Transnational, said: “Retailpay is a revolution in retail business management designed in response to identified gaps within the SME space in Nigeria. Retailers consistently require reliable and effective end-to-end management of their daily business operations in the most cost-effective way possible. Emerging technologies, such as Retailpay, will help SMEs drive considerable economic growth.”

Retailpay users can also sign up to the Business Support Marketer (BSM) programme, which enables them earn additional income via product referrals.

Industry analysts have appraised the solution as a game changer. Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you grow profits, cut losses and produce the results your customers demand.

It is quite commendable that with Retailpay, business owners can now manage their businesses on-the-go from any device anywhere in the world.

Also recently, Interswitch offered 10 aspiring Nigerian tech and IT entrepreneurs full-year scholarships to the Meltwater Entrepreneurial School of Technology (MEST) in Accra, Ghana.

The gesture follows the launch of the ‘Interswitch MEST’ partnership and will ensure Nigerian entrepreneurs are equipped with the skills they need to grow successful businesses.

The Interswitch MEST programme is expected to provide the entrepreneurs with practical training, investment and mentoring, as they are encouraged to establish successful enterprises that will serve as vibrant platforms to further create wealth and jobs across Africa.

Daniel Obi