Interswitch Powers E-Invoicing Revolution in Nigeria, Kenya to Boost Tax Transparency…FIRS, KRA tap fintech giant for landmark digital revenue systems
Lagos, Nigeria – September 9, 2025: Interswitch Group, Africa’s leading payments and digital commerce company, is driving a new wave of public sector transformation in Nigeria and Kenya with the rollout of national e-invoicing platforms aimed at curbing tax evasion and improving government revenue.
In Nigeria, the Federal Inland Revenue Service (FIRS) has accredited Interswitch as both an Access Point Provider and System Integrator for the country’s mandatory e-invoicing system, operated through the Monitoring, Billing, and Settlement (MBS) platform.
The platform, which went live on August 1, 2025, initially covers large taxpayers with annual turnover above ₦5 billion. It replaces traditional paper and electronic invoices by capturing critical transaction details—such as buyer and supplier information, quantities, prices, and taxes—in real time.
With Interswitch’s accreditation, businesses can now connect seamlessly to the MBS platform, automate invoicing workflows, reduce human error, and ensure accurate, real-time reporting of tax obligations.
This milestone builds on Interswitch’s 2024 selection by the Kenya Revenue Authority (KRA) as a technology partner for the country’s electronic Tax Invoice Management System (eTIMS). The fintech company currently provides tailored hardware and software solutions enabling Kenyan businesses to comply with e-invoicing requirements.
Commenting on the dual recognition, Muyiwa Asagba, Managing Director for Commercial Inclusion at Interswitch Group, said:
“We are pleased to be recognized by both FIRS and KRA as a trusted technology partner. These accreditations reaffirm Interswitch’s commitment to delivering innovative, business-centric solutions that not only meet compliance requirements but also unlock operational value for our customers. Our e-invoicing platforms are designed to integrate seamlessly with existing enterprise systems, ensuring security, accuracy, and efficiency at every step.”
He stressed that beyond compliance, the new directive represents a fundamental shift in governance:
“This is about transforming the way businesses and governments interact—driving transparency, strengthening trust, and enabling more efficient revenue management across the continent.”
In addition to tax administration, Interswitch is broadening its public sector impact. Recently, Nigeria’s National Pension Commission (PenCom) approved the company to launch a digital platform that simplifies pension remittances by corporates—another step in its mission to modernize critical national systems.
By combining innovation, security, and market expertise, Interswitch is reinforcing its role as a strategic partner to African governments, powering compliance, transparency, and competitiveness in the digital economy.
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