InterSwitch partners Fuelvoucher to promote online purchase of petroleum products

InterSwitch Transnational, Africa’s integrated payments and transaction switching company, has entered into a strategic partnership with fuelvoucher.com.ng on the expansion of fuel voucher-redeeming channels nationwide.

As a business focused on providing products and services that are highly tailored to the African market, InterSwitch has launched this initiative in line with its desire to develop innovative payment products and services, facilitate transactions and strengthen the Central Bank of Nigeria’s (CBN) cashless initiative.

Following this alliance, Fuelvoucher’s online and mobile fuel purchasing systems has been integrated with PoS terminals deployed by InterSwitch to service stations across the country.

This initiative will allow consumers to make payments for petroleum products on all InterSwitch payment channels, including Quickteller, ATMs and Mobile, and vouchers can be redeemed at every petrol station with the InterSwitch PoS.

As a result, anybody can easily buy fuel, gas or 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.

According to a statement, the partnership will also enable petrol stations around the country run overnight by mopping up cash and accepting Fuelvouchers, thereby eliminating cash handling costs and risks.

“Because everything is automated and electronic, establishments no longer need to print paper vouchers with associated costs and reconciliation headaches. Corporate customers can also broaden their loyalty points redemption options to include Fuelvouchers, and they can also easily manage and control fuel purchase with analytical insights to help in fleet management,” according to a statement.