Interswitch Drives Public Sector Transformation With E-invoicing Solutions

Interswitch has reaffirmed its relation arsenic a catalyst for nationalist assemblage translation with initiatives driving gross optimisation and fiscal transparency crossed Nigeria and Kenya.

The Federal Inland Revenue Service (FIRS) has officially accredited Interswitch arsenic an Access Point Provider and System Integrator for Nigeria’s mandatory e-invoicing strategy nether the Monitoring, Billing, and Settlement (MBS) platform.

The MBS initiative, which went unrecorded connected August 1, 2025, with ample taxpayers with yearly turnover supra N5 billion, is designed to combat taxation evasion, amended transaction transparency, and boost gross collection.

As the cardinal hub for real-time oregon near-real-time invoice validation, the MBS level captures indispensable transaction details, from purchaser and supplier accusation to quantities, prices, and taxes, replacing accepted insubstantial oregon physics documents specified arsenic invoices, recognition notes, and debit notes.

With Interswitch’s accreditation, businesses tin present entree a afloat compliant e-invoicing solution that connects securely to the FIRS platform, automates workflows, reduces errors, and provides real-time reporting for much close taxation submissions.

This milestone underscores Interswitch’s enactment by the Kenya Revenue Authority (KRA) successful 2024 arsenic a exertion spouse for the country’s physics Tax Invoice Management System (eTIMS). Interswitch provides businesses with tailored hardware and bundle solutions to comply with Kenya’s e-invoicing requirements, further strengthening its committedness to enabling governments and corporates crossed Africa to modernize fiscal ecosystems.

Highlighting the value of these developments, managing manager for Commercial Inclusion (Interswitch Inclusio) astatine Interswitch Group, Muyiwa Asagba said, “we are pleased to beryllium recognized by some FIRS and KRA arsenic a trusted exertion partner. These accreditations reaffirm Interswitch’s committedness to delivering innovative, business-centric solutions that not lone conscionable compliance requirements but besides unlock operational worth for our customers.

“Our e-invoicing solutions are designed to integrate seamlessly with existing endeavor systems, ensuring security, accuracy, and ratio astatine each step.”

He further noted that the e-invoicing directives contiguous opportunities beyond compliance, saying “this is astir transforming the mode businesses and governments interact, driving transparency, and enabling much businesslike gross absorption crossed the continent.”

Beyond taxation administration, Interswitch continues to grow its footprint successful the nationalist sector. Most recently, the institution secured support from Nigeria’s National Pension Commission (PenCom) to supply a level that simplifies pension remittances by corporates, underscoring its broader ngo of strengthening captious nationalist systems done technology.

By combining innovation, security, and heavy marketplace expertise, Interswitch is cementing its relation arsenic a trusted spouse to governments and organizations crossed Africa, with the mandate of compliance, unlocking greater efficiency, transparency, and competitiveness successful an progressively integer economy.