Fintech giant Interswitch eyes telecoms market with $1 million MNVO license
- Interswitch acquires a Tier 5 MVNO license to enter Nigeria's telecommunications sector.
- The license allows Interswitch to provide telecom services to underserved areas and offer cheaper 4G or 5G services.
- Interswitch aims to compete in Nigeria's telco sector by offering improved services and innovative communication methods.
Interswitch's entry into Nigeria's telecommunications sector through the acquisition of a Tier 5 MVNO license presents an opportunity for the company to expand its services and tap into underserved areas. With its established customer base and expertise in payments, Interswitch has the potential to bring value-added services and competition to Nigeria's telco sector. However, the company will need to carefully select a telco partner and introduce innovative communication methods to effectively capture market share.
