Connect with us

Technology

FIRS Picks Interswitch as Access Point Provider for Mandatory e-Invoicing

Published

on

Interswitch

By Aduragbemi Omiyale

Interswitch has been accredited as an Access Point Provider and System Integrator for Nigeria’s mandatory e-invoicing system under the Monitoring, Billing, and Settlement (MBS) platform of the Federal Inland Revenue Service (FIRS).

This accreditation allows Interswitch to provide a fully compliant e-invoicing solution that connects directly and securely to the FIRS platform, helping businesses meet regulatory requirements while modernizing their financial operations.

The solution supports both corporates and SMEs, enabling them to automate invoicing workflows, reduce manual errors, and access real-time reporting for faster, more accurate tax submissions.

With this development, Interswitch is now supporting the roll-out of ambitious national e-invoicing network projects across Nigeria and Kenya, two of the continent’s largest economies, following Interswitch’s selection by the Kenya Revenue Authority in 2024 as a technology partner, providing solutions for businesses to comply with the eTIMS requirements, including hardware and software.

The FIRS launched the MBS platform to combat tax evasion, improve transaction transparency, and boost revenue collection.

Serving as the central hub for real-time or near-real-time invoice validation, the platform captures essential transaction details, from buyer and supplier information to quantities, prices, and taxes, replacing paper or traditional electronic documents such as invoices, credit notes, and debit notes.

The FIRSMBS initiative in Nigeria went live on August 1, 2025, starting with large taxpayers with annual turnover above N5 billion, after a pilot phase that began in November 2024.

Following industry feedback, the FIRS extended the onboarding deadline to November 1, 2025, to allow businesses more time for integration and testing.

Commenting on this development, the Managing Director for Commercial Inclusion (Interswitch Inclusio) at Interswitch Group, Mr Muyiwa Asagba, said, “This accreditation reaffirms Interswitch’s commitment to delivering innovative, business-centric solutions that not only meet compliance requirements but also create operational value for our customers.

“Our e-invoicing solution has been built to integrate seamlessly with existing enterprise systems, ensuring security, accuracy, and efficiency at every step.

“The e-invoicing directive is not just about compliance, it is an opportunity for Nigerian businesses to modernize their operations, enhance transparency, and embrace efficiency. We are here to make that transition seamless.”

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

NCC, CBN Implement 30 Seconds Refunds for Failed Airtime, Data Purchases

Published

on

purchase airtime

By Adedapo Adesanya

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have introduced new rules that will ensure faster refunds for failed airtime and data purchases, following rising consumer complaints over debits without value.

Under the new rules, refunds are expected to be completed within 30 seconds, except where a transaction remains pending, in which case the resolution can take up to 24 hours.

The new framework, contained in a statement issued by NCC’s Head of Public Affairs, Ms Nnenna Ukoha, on Thursday, targets unsuccessful transactions linked to network downtime, system failures and human errors that affect subscribers nationwide.

According to the statement, the guideline was developed after months of joint engagements involving telecom operators, banks, value-added service providers and other industry stakeholders.

The NCC said the framework brings the financial and telecommunications sectors up to speed on how failed transactions are handled and resolved.

“These engagements were prompted by a rising incidence of failed airtime and data purchases, where subscribers were debited without receiving value and experienced delays in resolution.

“The framework represents a unified position by both the telecommunications and financial sectors on addressing such complaints.

“It identifies and tackles the root causes of failed airtime and data transactions, including instances where bank accounts are debited without successful delivery of services,” she said.

Under the framework, Ms Ukoha said mobile network operators and banks are bound by a service level agreement that clearly defines their roles in transaction processing and refunds.

She emphasised that operators are also required to notify customers by SMS on the status of every airtime or data transaction.

The rules also address erroneous recharges to ported lines, incorrect airtime or data purchases, and instances where transactions are made to the wrong phone number.

On her part, the Director of Consumer Affairs at the NCC, Mrs Freda Bruce-Bennett, said the framework also introduces a central monitoring system to improve oversight.

She said the dashboard will be jointly managed by the NCC and the CBN to track failed transactions, refunds and breaches of service timelines in real time.

“We are grateful to all stakeholders, particularly the CBN and its leadership, for their tireless commitment to resolving this issue and arriving at this framework,” she said.

The official said failed top-ups are among the top three complaints received by the commission, adding that implementation of the framework is expected to begin on March 1, subject to final approvals and completion of technical integration by all operators and banks.

Continue Reading

Technology

Nigeria, Google in Talks for New Undersea Cable

Published

on

google nigeria

By Adedapo Adesanya

The Nigerian government is in advanced talks with Google for a new undersea cable to strengthen the country’s digital connectivity and resilience.

The country wants to augment existing undersea links with Europe, said the chief executive of National Information Technology Development Agency (NITDA), Mr Kashifu Inuwa Abdullahi, as per Bloomberg on Tuesday.

Mr Inuwa said this was necessary at this time, calling Nigeria’s current reliance on cables that follow the same path “a single point of failure.”

Google earlier this year said it plans to expand its digital presence significantly in Africa with the development of four new strategic subsea cable connectivity hubs in the north, south, east, and west regions of the continent.

Already, Google is investing $2.1 million to accelerate Nigeria’s artificial intelligence (AI) growth, aiming to create one million digital jobs and bolster the country’s expanding technology economy.

This is aligned with Nigeria’s National AI Strategy, which is expected to play a meaningful role in the nation’s broader digital transformation. Projections indicate that AI could contribute up to $15 billion to Nigeria’s economy by 2030.

The fund will support partnerships with local organisations. To achieve these aims, the funding will support partnerships with local organisations working in digital skills development and cyber security.

The investment further signals global trust in Nigeria’s technology sector and underlines the nation’s role as a leader in Africa’s digital transformation. As new opportunities emerge, Google believes it support is set to help shape Nigeria’s economy and its place on the global technology stage.

Continue Reading

Technology

Airtel Africa, SpaceX to Launch Starlink Direct-to-Cell Connectivity

Published

on

By Modupe Gbadeyanka

An agreement for a satellite-to-mobile service that will benefit millions of people in Africa has been entered into between Airtel Africa Plc and SpaceX.

This service is through the introduction of Starlink Direct-to-Cell satellite connectivity across all the 14 markets of Airtel Africa that serve 174 million customers.

Through this partnership, Airtel Africa customers with compatible smartphones in regions without terrestrial coverage can have network connectivity through Starlink, which is the world’s largest 4G connectivity provider (by geographic reach).

The satellite-to-mobile service will begin in 2026 with data for select applications and text messaging.

This agreement also includes support for Starlink’s first broadband Direct-to-Cell system, with next-generation satellites that will be capable of providing high-speed connectivity to smartphones with 20x improved data speed. The rollout will proceed in line with country-specific regulatory approvals.

Airtel Africa is the first mobile network operator in Africa to offer Starlink Direct-to-Cell service, powered by 650 satellites to provide seamless connectivity to its customers in remote areas.

The partnership reinforces Airtel Africa’s commitment to bridge digital divide and offer seamless connectivity to its customers.

Airtel Africa and Starlink will continue to explore additional collaboration opportunities to further advance digital inclusion across the continent.

“Airtel Africa remains committed to delivering great experience to our customers by improving access to reliable and contiguous mobile connectivity solutions.

“Starlink’s Direct-to-Cell technology complements the terrestrial infrastructure and even reaches areas where deploying terrestrial network solutions are challenging.

“We are very excited about the collaboration with Starlink, which will establish a new standard for service availability across all our 14 markets,” the chief executive of Airtel Africa, Mr Sunil Taldar, said.

Also commenting, the Vice President of Sales for Starlink, Ms Stephanie Bednarek, said, “For the first time, people across Africa will stay connected in remote areas where terrestrial coverage cannot reach, and we’re so thrilled that Starlink Direct-to-Cell can power this life-changing service.

“Through this agreement with Airtel Africa, we’ll also deliver our next-generation technology to offer high-speed broadband connectivity, which will offer faster access to many essential services.”

Continue Reading

Trending